Business Structures Quiz

Business Structures Quiz

KG

15 Qs

quiz-placeholder

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Business Structures Quiz

Business Structures Quiz

Assessment

Quiz

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KG

Practice Problem

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Rosa Scutiero

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of organization is a Cooperative Society?

Non-profit organization

Government agency

For-profit organization

Franchise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main benefit of a Sole Trader?

Limited liability

Access to public funding

Shared decision-making

Complete control over the business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic of Partnerships?

No shared profits

Independent management

Unlimited liability for all partners

Limited decision-making

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do shareholders receive from a Limited Company?

Management positions

Royalties

Salaries

Dividends

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of a board of directors in a Limited Company?

Provide technical support

Handle customer service

Make decisions for the company

Manage daily operations

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of liability do shareholders have in a Limited Company?

No liability

Joint liability

Limited liability

Unlimited liability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic of a Private Limited Company (Ltd)?

Can sell shares publicly

Can sell shares to a maximum of 50 people privately

Has unlimited shareholders

Is managed by the government

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