Unit 4 quiz 2

Unit 4 quiz 2

9th Grade

10 Qs

quiz-placeholder

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Unit 4 quiz 2

Unit 4 quiz 2

Assessment

Quiz

Business

9th Grade

Practice Problem

Medium

Created by

juan de los santos

Used 1+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Angelica has been studying various forms of business ownership for her art gallery. She thinks she will select this type of legal structure because it is the easiest and most common form of business ownership for small business owners.

Partnership

Corporation

Sole proprietorship

Limited liability company

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When evaluating business ownership options, an entrepreneur who asks questions like, “Do you care if other owners can take over if you are not involved?” or “Do you want to make it easy to change ownership to others?” is most concerned about what aspect of ownership?

Continuity

Capital Needs

Risk

Profits

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aaliyah is concerned about keeping her own assets separate from risks associated with her business. What legal action would protect her personal assets from her business liabilities?

Incorporation

Investments

Contract

Compliance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Dana and his manager have discussed expanding Dana’s role and responsibilities in the company. What written agreement could establish and legally bind the parameters of Dana’s new position?

Covenant

Business ownership

Business incorporation

Contract

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

While drafting a contract, what key principles should Jonathan and Drew remember?

Professional representation; legal structure

Exchange of value; offer and acceptance

Legal structure; exchange of value

Offer and acceptance; professional representation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Karlton discovers an employee of his pizzeria is making false representations about the business. The employee was hoping to make extra money by telling people prices were more than the price list indicated, claiming it just hadn’t been updated yet. He then pocketed the extra money. What tort law is the employee breaking?

Defamation

Fraud

Negligence

Breach of duty

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What tort law are the landlords violating?

Breach of duty

Negligence

Fraud

Defamation

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