1.4 Legal Entity Types

1.4 Legal Entity Types

10th Grade

78 Qs

quiz-placeholder

Similar activities

N5 BM Management of Operations Quiz

N5 BM Management of Operations Quiz

10th Grade

80 Qs

Recruitment, Selection and Training

Recruitment, Selection and Training

10th Grade

74 Qs

NRF Rise Up - Customer Service and Sales Review #1

NRF Rise Up - Customer Service and Sales Review #1

9th - 12th Grade

79 Qs

Random Questions on Entrepreneurship

Random Questions on Entrepreneurship

10th - 12th Grade

80 Qs

Shark 1

Shark 1

9th - 12th Grade

80 Qs

What is “Selling”?

What is “Selling”?

10th Grade - University

78 Qs

Animation Certification Practice Quiz

Animation Certification Practice Quiz

9th Grade - University

77 Qs

Introduction to Business FINAL

Introduction to Business FINAL

9th - 12th Grade

80 Qs

1.4 Legal Entity Types

1.4 Legal Entity Types

Assessment

Quiz

Business

10th Grade

Hard

Created by

Gordon Silverman

Used 1+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

78 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a legal entity in business?

An individual with no legal rights

Any organization or company recognized as having legal rights and responsibilities

A group of people with no legal responsibilities

A non-profit organization only

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a responsibility of a legal entity?

Entering into contracts

Acting as a buyer, seller, or supplier

Suing or being sued in a court of law

Avoiding all legal obligations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can a legal entity do in a court of law?

Only act as a witness

Sue or be sued

Only provide evidence

Avoid legal proceedings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a legal entity?

A random group of friends

A recognized company

An unregistered club

A family gathering

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two major types of business entities?

Sole proprietorship and partnership

Unincorporated and incorporated

Limited liability and unlimited liability

Public and private

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What determines a business's status to be recognized as a legal entity in its own right?

The number of employees

The amount of revenue

Whether it is incorporated or not

The type of products it sells

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a main form of unincorporated organisation?

Sole trader

Ordinary partnership

Corporation

Trusts

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?