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Quiz on Corporations

Authored by Alpha J bah

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9th - 12th Grade

Used 6+ times

Quiz on Corporations
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a corporation?

A type of partnership

A business entity legally separate from its owners

A small business owned by one person

A government agency

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of shareholders in a corporation?

They manage daily operations

They elect a board of directors

They are responsible for debts

They work as employees

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a corporation?

Microsoft Corporation

John's Family Diner

Local Grocery Store

City Library

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do corporations often do business?

Under their owners' names

Under business names

Without any name

Using personal names

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in setting up a corporation?

Issuing shares of stock

Filing Articles of Incorporation

Choosing a business name and checking its availability

Appointing a board of directors

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a reason to choose a corporation?

Limited liability

Easy to dissolve

Simple management structure

No access to capital

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the benefits corporations have regarding capital?

Corporations cannot raise capital

Corporations have limited access to capital

Corporations can raise large amounts of capital through the issuance of stock

Corporations rely solely on personal savings for capital

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