Forms of Business Organizations
Authored by Ana Rizchel Cordero
Business
12th Grade
Used 352+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In a corporation, owners share profit, but liability is limited to __________.
investment
theft
distribution
production
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A form of business organization that is authorized to act as a legal entity regardless of the number of owners.
Corporation
Partnership
Sole Proprietorship
None of the Choices
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of partnerships?
ease of formation
limited liability
owners share responsibilities
possibility of personality conflict
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the advantage of corporations?
minimal government regulation
short life span
limited liability
has one owner
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In which type of organization does one person take all the risks?
Corporation
Cooperative
Partnership
Sole Proprietorship
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Floral Shops, Bookstores, and Farms are examples of what type of business?
Sole Proprietorship
LLC
Corporation
None of the Choices
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Nike, IBM, and Google are examples of what type of business?
Partnership
Corporation
Sole Proprietorship
None of the Choices
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