Corporations
Authored by Mikel Collins
Business
9th - 12th Grade
Used 20+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
business owned by one individual
proprietorship
C Corporation
target profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
business owned by two or more individuals
partnership
corporation
OLAP
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
business or group of people legally allowed to act as a single unit
s corporation
corporation
data mining
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
most common type of corporation; has shareholders which elect a board of directors which oversees the company's activities
double taxation
S Corporation
C Corporation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
governing body of elected members which oversee the company's activities
board of directors
journal
trial balance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
profits are taxed when earning and taxed again when distributed as shareholders' personal tax returns
double taxation
accounting period
balance sheet
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
formerly called a sub section S corporation, records profits and losses on shareholders' personal tax returns
C Corporation
S Corporation
corporate tax
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