Search Header Logo

Module 2 Activity 1: What’s Right for You?

Authored by Mon Real

Business

Professional Development

Used 5+ times

Module 2 Activity 1: What’s Right for You?
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

A sole proprietorship is the best fit for Nurse Anna, who wants to run a small caregiving agency alone and part-time.

True
False

Answer explanation

T – Sole proprietorship is simplest for a one-person business.

2.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

A partnership automatically protects the personal assets of the owners from business liabilities.

True
False

Answer explanation

F – Partnerships do not provide liability protection.

3.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

FutureCare PH, which wants to expand to three cities and attract investors, would benefit most from forming a corporation.

True
False

Answer explanation

T – Corporations are ideal for large-scale expansion and investors.

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

An LLC offers liability protection while being less complex than a corporation, making it a good fit for HealthyHome Services.

True
False

Answer explanation

T – LLCs combine protection with simplicity.

5.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Mark and Jen, as co-owners planning to hire staff, are better protected with an LLC than with a simple partnership.

True
False

Answer explanation

T – LLC is safer for co-owners planning to grow.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?