Font size
WorksheetsBusiness Review
Total questions: 20
Worksheet time: 27mins
What is the easiest type of business to start?
Sole Proprietorship
LLC
Corporation
Non-Profit
What two businesses are the most similar?
LLC
Non-Profit
Sole Proprietorship
Partnership
Which Of The Following Is Not An Ownership Structure?
LLC
Corporation
Partnership
Personal
LLC stand for...
(a)
Which Business Does Not Get Taxed?
LLC
Non-Profit
Corporation
Partnership
Identify Two Advantages To A Sole Proprietorship
Makes all the decisions
Keeps all of the profits
Continues to operate after death
Limited liability
What Is 'Limited Liability?'
Limited liability refers to how much the directors have to contribute in the event of the company becoming insolvent.
Limited liability refers to the ability of a member to limit his liability.
Limited liability refers to the directors' ability to limit their liability for acts of negligence, fraud etc.
Limited liability refers to the ability of a company to limit its liability.
Bottom of Form
Which Type Of Business Is Jointly Started By Two Or More People?
Sole Proprietorship
Company
Partnerships
Why Might Employees Like A Democratic Form Of Leadership
They actually don't matter
They have a say in decisions made
They do what the manager says
Which Of The Following Is An Advantage Of A Partnership?
Unlimited liability
Arguments
Shared responsibility
Which Of The Following Structures Do Not Hold The Owner Of The Business Liable, Should They Be Sued?
LLC
Sole Proprietorship
Corporation
Partnership
What Is The Purpose Of A Non-Profit?
To make money to pocket.
To provide funding for a company that is not related to directly benefitting people.
To provide funding for a good cause.
To run an elaborate scheme in order to evade taxes.
A Servant Leadership Is Best With What Type Of Business?
Corporation
Partnership
Non Profit
LLC
_______________is a legal term for being held accountable
Liability
Assets
Bankruptcy
Claim
Define Laissez Faire
Informing the employees of the company goal and how to achieve it
Decision making and tasks are left to those who know what they are doing
A French term that holds no significant meaning
Sole Trader
What Is A Transformational Leadership?
Leader actively communicates with employees and motivates them
Transferring leadership between multiple people on a set schedule
Process of electing a new manager
Process in which the employees elect a top leader amongst themselves to speak for the majority when communicating with the manager
What Is An Authoritarian Leadership?
Letting the employees make all the decisions
The manager makes all the decisions
Both parties have a say
Neither parties have a say, the business owner has all the say
How Does Teamwork Benefit The Workplace?
Make customers dislike the business
Improve customer morale
Improve profit
Improve employee and overall morale
What Is A Leadership Trait?
Courage
Cowardly
Inability to lead
Unproductive
What Are Some Traits Of A Servant Manager?
Works With Employees
Does not work with employees
Service is top priority
A manager that focuses on their own tasks
