WorksheetsChapter 8 Quiz
Total questions: 11
Worksheet time: 3hrs 45mins
The government document that grants permission to establish a corporation is called a
Charter
Stock Certificate
Partnership Agreement
Limited Liability Agreement
A business run by a single person is a
Partnership
Corporation
Sole Proprietorship
Limited Liability Corporation
In a retail business, the stock held in reserve is called
Raw Materials
Inventory
Capital
Profits
Which of the following phrases best defines the term limited partnership?
an organization that limits liability to the corporation rather than the individual owners
a partnership in which at least one partner has less responsibility in the business operations and less liability for business losses
a business that is limited to three or fewer investors
a business model that combines aspects of corporations and partnerships
A document certifying ownership of part of a corporation is a
Charter
Stock Certificate
Dividen Check
Bond
Take a Break for a few minutes, Draw a sheep and a cow.
Schools, churches, and community organizations are examples of ______ .
cooperatives
Non-profit organizations
conglomerates
Labor unions
If the activities of a nonprofit organization produce revenues, the organization uses the money to ______ .
pay dividends to its members
further its work
join a chamber of commerce
grow the business
A credit union is an example of a ______ .
service cooperative
conglomerate
producer cooperative
consumer cooperative
An organization that buys bulk amounts of goods to distribute to members is a ______ .
producer cooperative
service cooperative
consumer cooperative
labor union
When a union negotiates pay and other job-related matters, this is called ______ .
collective bargaining
going on strike
cooperative bargaining
accessing resources
