UNIT 6

UNIT 6

University

6 Qs

quiz-placeholder

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UNIT 6

UNIT 6

Assessment

Quiz

Other

University

Practice Problem

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Created by

Phương Anh Nguyễn

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Which of the following is a characteristic of a sole trader?

A. Limited liability

B. Unlimited liability

C. Can sell shares to the public

D. Requires at least two owners

2.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Which sector of the economy involves the extraction of natural resources?

A. Primary sector

B. Secondary sector

C. Tertiary sector

D. Quaternary sector

3.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

What is the main advantage of a public limited company?

A. High level of confidentiality

B. Unlimited liability

C. Ability to raise large amounts of capital

D. Simple and inexpensive to set up

4.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

Which of these businesses is part of the tertiary sector?

A wheat farm

A car manufacturing plant

A retail clothing store

A coal mining company

5.

MULTIPLE CHOICE QUESTION

30 sec • 15 pts

What distinguishes a partnership from a sole trader?

A. Partnerships have limited liability.

B. Partnerships involve more than one owner.

C. Partnerships are required to register on the stock exchange.

D. Partnerships are operated by the government.

6.

FILL IN THE BLANK QUESTION

30 sec • 15 pts

Which word is defined as "The sale of state-owned assets such as public corporations to the private sector"?

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