
CHECKPOINT 2
Authored by Abdullah Haron
Business
9th Grade
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 4 pts
What are the main types of business structures?
Franchise, cooperative, joint venture, nonprofit
Sole proprietorship, partnership, corporation, limited liability company (LLC)
Sole trader, limited partnership, public company, private equity
Business unit, subsidiary, holding company, agency
2.
MULTIPLE CHOICE QUESTION
2 mins • 4 pts
How does a sole proprietorship differ from a corporation?
A sole proprietorship has limited liability, while a corporation has personal liability.
A sole proprietorship is owned by one person with personal liability, while a corporation is a separate legal entity with limited liability for its owners.
A sole proprietorship can have multiple owners, while a corporation can only have one owner.
A sole proprietorship is a type of corporation with tax benefits.
3.
MULTIPLE CHOICE QUESTION
2 mins • 4 pts
What impact does business structure have on liability?
Liability is only determined by the size of the business.
Business structure has no effect on liability.
All business structures provide the same level of liability protection.
Business structure affects liability by determining the level of personal liability owners face; sole proprietorships and partnerships have unlimited liability, while corporations and LLCs offer limited liability protection.
4.
MULTIPLE CHOICE QUESTION
2 mins • 4 pts
What are some common challenges businesses face during growth?
Common challenges include scaling operations, managing cash flow, maintaining quality, hiring talent, and adapting to market changes.
Increasing market share without investment
Focusing solely on product development
Eliminating all competition immediately
5.
MULTIPLE CHOICE QUESTION
2 mins • 4 pts
How can a business benefit from expanding its operations?
A business can benefit from expanding its operations by increasing market reach and profitability.
Limiting product offerings to a niche market
Reducing operational costs by downsizing
Focusing solely on local customers to enhance service quality
6.
MULTIPLE CHOICE QUESTION
2 mins • 4 pts
What role does market demand play in business growth?
Market demand has no impact on business growth.
Market demand only affects marketing strategies.
Market demand is irrelevant to production decisions.
Market demand drives business growth by influencing sales, production, and strategic decisions.
7.
MULTIPLE CHOICE QUESTION
2 mins • 4 pts
What are realistic aims for a small business?
Establishing a solid customer base, achieving profitability, maintaining cash flow, enhancing brand recognition, and fostering customer loyalty.
Ignoring customer feedback
Focusing solely on product development
Maximizing debt accumulation
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