What is an LLC?

business

Flashcard
•
English
•
KG
•
Hard
Quizizz Content
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
A Limited Liability Company (LLC) is a business structure that combines the flexibility of a partnership with the liability protection of a corporation.
2.
FLASHCARD QUESTION
Front
What is the role of a secretary in a business?
Back
A secretary assists the director and may make decisions in their absence.
3.
FLASHCARD QUESTION
Front
What does an office clerk do?
Back
An office clerk is responsible for scheduling appointments, data entry, and ordering office supplies.
4.
FLASHCARD QUESTION
Front
What is a limited partnership?
Back
A limited partnership is formed when at least two individuals come together to jointly operate a commercial business.
5.
FLASHCARD QUESTION
Front
What is a line or direct organizational structure?
Back
A line or direct organizational structure is a simple hierarchy where each employee reports to a single supervisor.
6.
FLASHCARD QUESTION
Front
What is the main advantage of an LLC?
Back
The main advantage of an LLC is that it protects its owners from personal liability for business debts.
7.
FLASHCARD QUESTION
Front
What is the difference between a secretary and a clerk?
Back
A secretary assists higher management and may have decision-making authority, while a clerk typically handles administrative tasks.
Create a free account and access millions of resources
Similar Resources on Quizizz
15 questions
Types of Business Ownership

Flashcard
•
12th Grade
9 questions
P1 - ESB Certification Prep - Exam - Part 1

Flashcard
•
10th Grade
15 questions
Business Ownership

Flashcard
•
9th - 12th Grade
10 questions
Business Structures Review

Flashcard
•
9th Grade - University
10 questions
Business Structures

Flashcard
•
11th - 12th Grade
11 questions
Chapter 4 & 5 HRTD

Flashcard
•
University
10 questions
Informational text structures (new teks)

Flashcard
•
6th - 7th Grade
12 questions
Topic 5 Lessons 1-3 Flashcard

Flashcard
•
9th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade