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Characteristics of Three Main Forms of Bus. Strut.,BIZ ENV.WK 1

Authored by Abiodun Otedola

Other

3rd Grade

Characteristics of Three Main Forms of Bus. Strut.,BIZ ENV.WK 1
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57 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the size of a Sole Trader business?

Small

Medium

Large

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the establishment and cost level for a Partnership?

A) High

B) Medium

C) Low

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many owners are there in a Company?

One

Two or more

Many

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the liability of owners in a Sole Trader business?

A) Limited

B) Unlimited

C) Joint

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: The ability to raise funds in a Partnership is _______.

Limited.

Unlimited.

Flexible.

Guaranteed.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who makes business decisions in a Company?

Owner

Partnership agreement

Board of directors

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Hierarchical Structure is a system where entities are ranked one above the other. What is a Hierarchical Structure?

A system where entities are ranked one above the other

A system where entities are ranked equally

A system with no ranking

A system with random ranking

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