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WorksheetsUnit 2 Quiz (Business and Marketing) Peter West
Total questions: 20
Worksheet time: 8mins
Witch Ownership is the best option for a business least likely to be sued?
Sole Proprietorship
Corporation
LLC
None of the above
What is an advantage of Sole Proprietorship?
Limited Liability
No Paperwork
Shared Profit/Losses
No Taxes
When starting a Partnership, you need to have _____ or more people to start.
2
1
3
5
What is a skill a manager has to have to be successful?
Must have a lot of money
Must be 21 years old
Must be good at communicating
Must not become friends with the employees
Planning is one of the key things to management.
True
False
What is a major disadvantage of being a manager?
More Pay
More Work
Less Responsibility
Less Pay
What are the three levels of management?
Operative, Planning, and Organizer.
Supervisory, Operative, and Lower Level of Management.
Manufacturing, Marketing, and Manager.
None of the above
Why is Limited Liability important to a business?
Limits the power of the manager.
Protects personal belongings when a business gets sued.
Sets a contract of two people for a Partnership.
Protects the business from being sued.
What does Autocratic mean?
One person with absolute power.
Many people sharing power.
Power is within the employees.
No power in the business is delegated.
What does Free-Reign/Laissez-Faire mean?
One person with absolute power.
Many people sharing power.
Power is mostly within the employees.
No power in the business is delegated.
What leadership is Democratic?
One person with absolute power.
Many people sharing power.
Power is mostly within the employees.
No power in the business is delegated.
Witch one of these traits would be best for a leader?
Power Hungry
Organized
Trust-Worthy
Short-Tempered
What leadership is Transformative?
leadership style in which leaders encourage
leadership style in witch there is no leader
leadership style in witch there are more than one leader
leadership style in witch the leader has absolute power
What leadership is Servant?
leader can treat employees as slaves
Not a leadership type
There is no leader
Does the same work as the other employees
Witch Ownership is the easiest to start?
Partnership
Corporation
LLC
None of the above
Which one of these would best fit for teamwork?
Money
Happiness
Communication
Determination
Which one of these is a teamwork barrier?
Communication
Money
Patience
No Contribution
What is a disadvantage of owning a Corporation?
No Limited Liability
Expensive
No Profit
None of the Above
Which one of these would best describe a leader?
Strong, Brave, Patient.
Impatient, Communicative, Mean.
Cooperative, Patient, Trustworthy.
None of them.
Witch Ownership is the best option for a business most likely to be sued?
Sole Proprietorship
Corporation
LLC
None of the above
