Chapter 2 Assessment

Chapter 2 Assessment

10th Grade

15 Qs

quiz-placeholder

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Chapter 2 Assessment

Chapter 2 Assessment

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

Medium

Created by

KELLY R TEAKELL

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an advantage of a corporation?

Limited liability

Capable of raising funds

Corporate bylaws

Continued life

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an advantage of a sole proprietorship?

Limited capacity

Full authority of business

Owner retains all benefits

Inexpensive to form

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a disadvantage of a partnership?

Unlimited liability

Limited liability

Limited life

Possibility of disagreements

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Corporate bylaws are written for:

For-profit businesses

Partnerships

Proprietorships

Corporations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following does not impact the way a business is organized?

Size

Location

Goals

Budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the following key term from this chapter: Stock.

A share in ownership and a claim to a portion of a corporation’s profits.

A type of bond issued by a corporation.

A financial instrument representing a loan made by an investor to a borrower.

A certificate of deposit issued by a bank.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the following key term from this chapter: Dividend.

A portion of a corporation’s income received by stockholders.

A type of bond issued by a corporation.

The interest rate charged by banks on loans.

A government tax on corporate profits.

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