Legal Structures Quiz

Legal Structures Quiz

10th Grade

30 Qs

quiz-placeholder

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Legal Structures Quiz

Legal Structures Quiz

Assessment

Quiz

Others

10th Grade

Medium

Used 6+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three most important factors influencing the choice of legal structure?

Business location, customer base, and competitors

Size of business, ownership structure, and finances needed

Marketing strategy, technology, and legal requirements

Employee satisfaction, product quality, and logistics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of legal structure is most common for small or micro-business enterprises?

Private company

Public company

Sole trader or partnership

Franchise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might a business change its legal structure over time?

To adapt to changes in business expansion

To avoid paying taxes

To increase government regulations

To reduce employee wages

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As a business expands rapidly, which legal structure is often chosen for limited liability protection?

Sole trader

Private company

Partnership

Cooperative

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a "float" in the context of business financing?

A loan from a bank

The sale of shares to the public to raise capital

A government grant for businesses

A financial loss due to poor management

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when a company "floats"?

It becomes a private company

It sells shares to the public

It closes down

It merges with another company

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What document provides details about a company and invites the public to buy shares?

Business license

Financial statement

Prospectus

Tax return

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