“Boss Moves Only” – Week 1 EOPA Game Show

A transformational leader is known for which of the following?

• Enforcing rules

• Delegating tasks

• Inspiring and motivating teams

• Avoiding conflict

Which of the following is NOT a type of business ownership?

• Sole proprietorship

• Partnership

• Corporation

• Monopoly

What is a key disadvantage of a sole proprietorship?

• Complex tax filing.

• Limited access to capital.

• Shared decision-making.

• High start-up costs.

Which business structure is characterised by limited liability and separate legal identity?

• Sole proprietorship

• Partnership

• Corporation

• Cooperative

A business structure helps you organize your business

• True

• False

Which of the following is a key advantage of a partnership?

• Limited liability for all partners.

• Easier to raise capital compared to a sole proprietorship.

• No need to share profits.

• Complete control by one partner.

The company’s configuration of employees for accomplishing specific business tasks; how the business is organized

• organizational structure

• customer structure

• organizational design

• level of management

Monte works for a grocery store that buys food from producers and then sells it to customers. The grocery store is an example of a:

• builder

• trade industry

• service business

• raw-goods producer

What is the primary characteristic of a sole proprietorship?

• It is owned by multiple shareholders.

• It is owned and operated by one individual.

• It is a non-profit organisation.

• It is a government-owned entity.

Which of the following is a benefit of a limited company?

• Unlimited liability for owners.

• Easier to transfer ownership.

• No need to file annual reports.

• Owners are personally responsible for debts.