ECO - Chapter 8 Voc. Quiz

Aria wants to open a small coffee shop on her own. What type of business structure would it be?

• A sole proprietorship

• A business owned by two or more people

• A type of corporation

• A partnership

Nora and Ava are planning to start a bakery together. What type of business structure would this be?

• A business owned by one person

• A partnership

• A corporation

• A sole proprietorship

What is a general partnership?

• A partnership where all partners share responsibilities

• A partnership with limited liability

• A business owned by one person

• A type of corporation

What is a limited partnership?

• A partnership with at least one general partner and one limited partner

• A business owned by one person

• A type of corporation

• A partnership where all partners share responsibilities

What is the primary characteristic of a corporation?

• It is owned by a single individual

• It is a separate legal entity from its owners

• It is a form of partnership

• It is run by AI

What is a charter?

• A document that establishes a corporation

• A type of stock

• A business owned by one person

• A partnership agreement

Who are stockholders?

• Individuals who own shares in a corporation

• Individuals who manage a business

• Individuals who provide loans to businesses

• Individuals who work for a corporation

What is a dividend?

• A business owned by one person

• A type of stock

• A payment made to shareholders from a corporation's profits

• A partnership agreement

What is common stock?

• A type of stock that gives shareholders voting rights

• A type of stock that does not give voting rights

• A type of bond

• A type of partnership

What is preferred stock?

• A type of stock that has priority over common stock in dividends

• A type of stock that gives shareholders voting rights

• A type of bond

• A type of partnership