Worksheetsquiz 1
Total questions: 7
Worksheet time: 8mins
Name
Class
Date
1.
what is the minimum number of persons required for partnership ?
a)
1
b)
2
c)
7
d)
20
2.
What is profit?
a)
the money you spend - the price you sell it for
b)
the price you sell if for- the money you spend
c)
the price you sell it for + the money you spend
3.
Which of the following is an advantage of a sole proprietorship
a)
easy to start up
b)
Decisions do not require the approval of a co-owner, boss, or other "higher-up
c)
the owner can keep the profits of successful management without having to share them with other owners.
d)
All the other options
4.
Which of the following is an advantage of a Franchise?
a)
a nationwide network that had a respected product, a deep product line, excellent quality standards, nationwide advertising, and professional advice whenever needed.
b)
the ease of raising financial capital through stocks, bonds, and loans.
c)
the ease of management between two or more partners.
d)
the limited liability protection of a person's assets if the company fails.
5.
Working capital is sometimes called as...
a)
life of money
b)
life of blood
c)
life of soul
d)
life of human
6.
What is capital expenditure?
a)
Money spent for fixed assets which last about 6 months.
b)
Money spent for fixed assets which last about for more than a year.
c)
Money spent on a day-to-day basis.
d)
Money spent per hour rate.
7.
identify the person in the image?
a)
H. Fayol
b)
F.W. Taylor
c)
C.K. Prahalad
d)
G. Elton Mayo
100 %
