L5) Different Types of Business Entity

L5) Different Types of Business Entity

12th Grade

61 Qs

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L5) Different Types of Business Entity

L5) Different Types of Business Entity

Assessment

Quiz

Financial Education

12th Grade

Hard

Created by

Badar Jaleel

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61 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the main topics covered in the lesson on the business environment?

Types of business

Limited liability

Business formation

Business ethics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What topic related to business structure is covered in the lesson on the business environment?

Business marketing

Record keeping for limited companies

Business outsourcing

Consumer relations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which topic focuses on the legal responsibilities of business entities?

Limited liability

Types of business

Not-for-profit organisations

Business formation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a sole trader in the context of business types?

A type of partnership

A government agency

An individual who sets up their own business

A large corporation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following can be an example of a sole trader?

A window cleaner

A multinational company

A public school

A non-profit organization

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary responsibility mentioned for sole traders in the text?

Hiring multiple employees

Paying taxes if their earnings are over a certain threshold

Creating advertisements

Forming partnerships with other businesses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common practice among sole traders regarding their employment status?

Sole traders are typically employed by large corporations.

Sole traders are usually unemployed.

Sole traders often have another job besides running their own business.

Sole traders are exclusively self-employed and cannot take other jobs.

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