WorksheetsUnit 2 Review
Total questions: 35
Worksheet time: 18mins
A business run by 2 or more people and has unlimited liability is known as a:
LLC & Corporation
Sole Proprietorship
Partnership
Two Person Company
If you have full responsibility for your business debts this is known as ...
Unlimited Liability
Limited Liability
Personal Liability
Unlimited Debt
What are the four major types of ownership?
Franchise, Cooperative, Partnership, LLC
Proprietorship, Partnership, Corporation, LLC
Corporation, Franchise, Non-Profit, Proprietorship
LLC, S-Corp, Corporation, Partnership
Business form with only one owner
Sole Proprietorship
Partnership
Corporation
Solo-Company
Which type of business can have two or more employees?
Sole Proprietorship
Partnership
Both
Neither
What is a major advantage of a business that is a partnership rather than a sole proprietorship?
The responsibility for the business is shared
The business is easier to set up
The partners are not responsible for business debts
The business is easier to sell
On major advantage of a corporation is:
Always have profits
Limited Liability
minimum failure
All of the above
The order in which a corperation is created is
CEO, Director, Shareholders
Chairman, Officer, CEO
Board of Directors, CEO, Chairman
Shareholders, Board of Directors, CEO
Nike, Google and Apple are examples of.....
Sole Proprietorships
Partnerships
Corporations
Franchises
Which type does the taxes go straight to the company?
Sole Proprietorship
Partnership
Corporation
Lemon-aid Stand
What type of organizational chart is pictured?
Line Authority
Line and Staff
Staff Only
Neither Line nor Staff
What type of chart is listed here? (hint: there are not many levels you have to go through)
line authority
line and staff authority
staff
None of the Above
Which of the following is NOT a skill of a manager?
Time management
Listening Skills
Communication Skills
Not good at Multi-Tasking
Which one of these are not fully an advantage of being a manager?
More Pay/ Holding Responsibility
Influence over decisions/ Control over Time
Respect/ Authority
Prestige/ Have to make Unpopular Decisions
Listening to what others say and treating others well is showing ___________.
Attitude
On Time
Respect
Coolness
Some jobs cannot be done alone and some can be done much better and faster if you have the quality of ____________________.
Caring
Teamwork
Sharing
Food
It is always important to ___________ yourself, others and the place where you work.
Respect
Wash
Love
Fear
Characteristics of a Leader (Click all that apply)
Laziness
Honesty
Hardworking
Wants Attention
Which one of these traits are not leadership traits?
Having a vision
Being passionate
Collaborating with people
Telling people what to do
Being respectful
As a leader, having a vision means:
You can see the future
Having a plan of what you want to achieve
Feeling like you can improve a situation and have a plan to do so
Doing things as they come up, with no plan
Servant Leadership is a leadership in which the main goal is to ?
Boss around
Stick to the rules
Serve
Entertain others
These types of leaders usually have strong ethics and values
Transactional Leadership
Authoritarian Leadership
Servant Leadership
Laissez-Faire Leadership
There are three categories in effective leadership, please select your answer.
Personality traits
Motivation traits
Skills
Responsibility
Laissez-Faire
