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How to form a business

Authored by Đặng Nguyễn

Business

University

Used 8+ times

How to form a business
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6 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

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1. What is one major advantage of a sole proprietorship?

A. The owner is not responsible for business debts

B. The business is taxed separately from the owner's income

C. All profits go directly to the owner

D. It is easy to attract investors and raise capital

2.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

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2. Which of the following is an advantage of forming a corporation?

A. Limited lifespan

B. Limited liability for owners

C. Easy and cheap to start

D. Owners must pay self-employment tax

3.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

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3. Which type of corporate merger involves the joining of two firms in the same industry?

A. Horizontal merger

B. Conglomerate merger

C. Acquisition

D. Vertical merger

4.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

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4. Which is true about a Limited Partnership?

A. All partners manage the business.

B. Limited partners have unlimited liability.

C. Profits are shared equally.

D. Limited partners are only liable up to their investment.

5.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

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5. Which of the following is not mentioned as an advantage of buying a franchise?

A. Complete freedom in making business decisions

B. Lower failure rate compared to other business ventures

C. Personal ownership of the business

D. Management and marketing assistance

6.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

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6. Which of the following best describes a cooperative?

A. A business owned by one individual

B. A company owned by shareholders for profit

C. A business owned and controlled by the people who use its services

D. A business run by the government

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