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Final Business Organization Activity

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

This type of business is owned by one person:

a)

Partnership

b)

Joint Stock

c)

Sole Proprietorship

2.

A partnership can have about 20 entrepreneurs

a)

false

b)

true

3.

A and R's is an example of partnership?

a)

true

b)

false

4.

Which business is owned by an endless amount of stockholders/investors ?

a)

Multinational Corporation

b)

Private Joint Stock

c)

Public Joint Stock

5.

All of the following are types of business organizations in the Free Market Economy EXCEPT:

a)

State enterprise

b)

Sole Proprietorship

c)

Partnership

d)

Joint stock companies

6.

What is multinational corporations ?

a)

a company that is primarily based in more than one country

b)

a company that is primarily based in some countries

c)

a company that is primarily based in one country

7.

What is the firs step in the development of a multinational business ?

a)

Establishing trade relationships

b)

Evaluating trade relationships

c)

Controlling trade relationships

8.

All of the following are examples of Cooperatives EXCEPT:

a)

Credit Union

b)

Taxi driver

c)

Consumer

d)

Commercial Banks

9.

Belize Water Services Ltd. is an example of which Business Organization?

a)

Sole Proprietorship

b)

Partnership

c)

Private Joint Stock

d)

Public Joint Stock

10.

Which of the following is true about partnership?

a)

All partners have limited liability

b)

A partnership cannot have more than 2 persons

c)

There is lack of continuity if one partner dies

d)

The partners are called shareholders

11.

Heritage Bank is an example of which Business Organization?

a)

Cooperatives

b)

Private joint stock

c)

Multinational Corporation