
Business Ethics & Law 1 Unit 4 Accommodated Test
Authored by Brittany Ross
Business
9th Grade
Used 1+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a General Partnership, how are the responsibilities shared?
Only one partner is responsible
Responsibilities are shared equally among partners
Responsibilities are determined by the government
There are no responsibilities involved
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What distinguishes a Limited Partnership from a General Partnership?
Both partners are equally liable
There are no general partners
Includes both general and passive partners
It is a type of corporation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Non-Profit organization primarily focused on?
Making a profit
Charitable, educational, or public benefit activities
Franchise development
Manufacturing goods
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Liability refer to in a business context?
Assets owned by the business
Legal responsibility for debts and obligations
Profit earned by the business
The number of employees
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are Debts?
Money owed to creditors or lenders
Legal agreements between partners
Profits of the business
Assets of the corporation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of an Employer Identification Number (EIN)?
To register a trademark
To identify a business for tax purposes
To apply for a business loan
To obtain a business license
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business structure is not primarily focused on profit-making?
Corporation
LLC
Non-Profit
Sole Proprietorship
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