
Business Types Quiz
Authored by Kayan Johnson
Business
12th Grade

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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business involves two or more people sharing ownership and responsibilities?
Sole Proprietorship
Partnership
Corporation
Multinational Cooperation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business structure is most likely to have a board of directors?
Sole Proprietorship
Corporation
Partnership
Cooperative
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the decision-making process in a sole proprietorship differ from other business types?
It requires board approval
It involves employee voting
It is done solely by the owner
It requires partner consultation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a partnership?
A business owned by one person
A business owned and operated by two or more parties
A business owned by a corporation
A business owned by the government
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one advantage of owning a private limited company regarding financial liability?
Shareholders are fully liable for company debts.
Shareholders' liability is limited to their shares.
Shareholders have no liability at all.
Shareholders' liability is unlimited.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is true about multinational corporations?
They have no international offices
They have a centralized head office
They operate only in their home country
They have no budget
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is not a business structure?
Sole Proprietorship
Publicly Listed Company
Ponzi Scheme
Partnership
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