Free Printable 11-10-2023 ENT Test

1.

This card is linked to a checking account

a)

Credit

b)

Debit

c)

Both

2.

Customers spend the money in their accounts at the time of purchase

a)

Credit

b)

Debit

c)

Both

3.

Purchases are subject to interest charges if the balance is not paid in full

a)

Credit

b)

Debit

c)

Both

4.

Users can ask for cash back at the time of purchase

a)

Credit

b)

Debit

c)

Both

5.

Each purchase is a loan that is repaid later

a)

Debit card

b)

Credit card

c)

Both

6.

Who gets your death benefit once you die?

a)

Insurance Company

b)

Business Partner

c)

Your Beneficiaries

d)

Your Pets

e)

Charity

7.

An ordinance about zoning is best associated with the local government's power to -

a)

enforce state laws

b)

protect the environment

c)

regulate land use

d)

promote public safety

8.

_____________ is one who invests money, but is not involved in the business’ daily operations.

a)

Sole Proprietor

b)

Silent Partner

c)

Corporation

d)

Limited Liability Partnership

9.

What is a business owned by stockholders/investors but operated by others?

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

10.

This local tax is determined by assessing the value of land and buildings?

a)

income tax

b)

property tax

c)

sales tax

d)

use tax

11.

Which of the following words describe the action of buying out competing businesses so you are the only company selling a product?

a)

Autocracy

b)

Democracy

c)

Monopoly

d)

Business

12.

A municipality wants to build a water treatment facility, and requires some privately owned land to do so. What procedure enables the municipality to buy the property, even against the owner's wishes?

.

a)

Estoppel.

b)

Escheat.

c)

Alienation.

d)

Eminent domain

13.

What are the two distinct characteristics of a corporation?

a)

they are owned by shareholders

b)

they have a Board of directors

c)

they are easy to form

d)

they can be dissolved if an owner dies

14.

What is one perk a sole proprietorship does not have access to?

a)

Employer-funded health insurance

b)

Tax Breaks

c)

Both

15.

In a sole proprietorship, income and expenses are included on what for the owner?

a)

Personal tax return

b)

Corporate tax return

c)

W-2

d)

I-9

16.

What type of corporation combines the benefits of a partnership and a corporation?

a)

Limited Liability Company

b)

Trust

c)

Company

17.

business which leases its trade name and operating system to another person

a)

Franchise

b)

Partnership

c)

Franchisor

d)

Corporation

18.

groups of individuals who invest their money in various types of companies in search of making a profit

a)

Investors

b)

Loans

c)

Microlending

d)

Capital

19.

___________ are words, symbols, names or devices used to specify goods and differentiate one good from others.

a)

Copyrights

b)

Patents

c)

Licenses

d)

Trademarks

20.

Owner keeps all the profits

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

21.

Capital is wealth in the form of money or property.

a)

False

b)

True

22.

Which of the following is an advantage of operating a large established business as a public limited company?

a)

Shares can be sold to the public to raise additional finance

b)

Financial accounts are published

c)

Shares can only be sold to invited investors to raise finance

d)

Owners have unlimited liability

11-10-2023 ENT Test

Total questions: 22

Worksheet time: 22mins

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