Business Structures Quiz
Quiz
•
Business
•
10th Grade
•
Practice Problem
•
Medium
Matthew Miller
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John is starting a small bakery and wants to have complete control over the business decisions and profits. Which type of business structure should he consider?
Corporation
Sole Proprietorship
Partnership
Limited Liability Company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Emily and Sarah are planning to open a boutique together. They want to share the responsibilities and profits equally. Which business structure is most suitable for them?
Sole Proprietorship
Corporation
Partnership
Limited Liability Company
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Michael wants to start a tech company and is concerned about personal liability. He also wants to attract investors by issuing shares. Which business structure should he choose?
Sole Proprietorship
Partnership
Corporation
Limited Liability Company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lisa is considering starting a freelance graphic design business. She wants to keep things simple and avoid complex regulations. Which business structure is most appropriate for her?
Corporation
Sole Proprietorship
Partnership
Limited Liability Company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tom and Jerry want to start a business together but are worried about personal liability. They also want the flexibility of a partnership. Which business structure should they consider?
Sole Proprietorship
Corporation
Partnership
Limited Liability Company
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following business structures is considered a separate legal entity from its owners, providing them with limited liability?
Sole Proprietorship
Partnership
Corporation
Limited Liability Company
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anna wants to start a business where she can enjoy the tax benefits of a partnership but also have limited liability protection. Which business structure should she choose?
Sole Proprietorship
Corporation
Partnership
Limited Liability Company
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