Business Basics & Development

   Which business structure is the simplest and owned by one individual?

• Corporation

• Sole Proprietorship

• Partnership

• Limited Liability Company (LLC)

 Who is primarily responsible for making major corporate decisions in a company?

• COO

• CFO

• CEO

• CIO

In which business structure are the owners personally liable for the business’s debts?

• Corporation

• Sole Proprietorship

• LLC

• Non-Profit Organization

What term describes a business organization in which two or more individuals manage and operate the business together?

• Franchise

• Partnership

• Corporation

•      Subsidiary

Which type of trend involves advancements like the Internet of Things and big data?

• Economic Trend

• Social Trend

• Technological Trend

• Regulatory Trend

Which business structure allows for raising capital through issuing stock?

• Partnership

• Sole Proprietorship

• Corporation

• LLC

Which type of business structure is typically the most expensive and complex to establish?

• Partnership

• Sole Proprietorship

• Corporation

• LLC

What is the term for the total amount of money a company receives from its business activities?

• Asset

• Revenue

• Liability

• Equity

Social trends often lead to shifts in what aspect of society?

• Tax rates

• Consumer behavior

• Technological innovation

• Economic growth

  What do you call the purchase of one company by another where no new company is formed?

• Merger

• Acquisition

• Franchise

• Partnership