Module 1 - Overview of Financial Management

Module 1 - Overview of Financial Management

University

68 Qs

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Module 1 - Overview of Financial Management

Module 1 - Overview of Financial Management

Assessment

Quiz

Financial Education

University

Practice Problem

Easy

Created by

Althea Cien Rom

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68 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Other term for sole proprietorship

Single Proprietorship

One-Owner Proprietorship

No other term

Individual Proprietorship

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the simplest form of business organization?

Partnership

Corporation

Sole Proprietorship

Cooperative

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which legal form of business ensures the greatest protection of owners' personal assets?

Partnership

Corporation

Sole Proprietorship

Cooperative

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

They share ownership and profits as well as responsibilities and losses, depending on the agreement, i.e. of general partners, limited partners.

Partnership

Corporation

Sole Proprietorship

Cooperative

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Typically owned by one person – the one who established the business.

Partnership

Corporation

Sole Proprietorship

Cooperative

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Good for those people or entrepreneurs who are beginning their business.

Partnership

Corporation

Sole Proprietorship

Cooperative

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business entity that has no juridical personality

Partnership

Corporation

Sole Proprietorship

Cooperative

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