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

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

Professional Development

5 Qs

quiz-placeholder

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

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

Assessment

Quiz

Business

Professional Development

Practice Problem

Easy

Created by

Mon Real

Used 5+ times

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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.

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