Incorporated business structure
Authored by Ekaterina Reyngold
Business
7th - 9th Grade
Used 43+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People who buy parts of the business
sole traders
shareholders
employees
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of profit that shareholders receive
revenue
costs
dividends
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a partnership, if one partner leaves
business can stay open
business can't stay open
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In an incorporated business, if one shareholder leaves
business can stay open
business can't stay open
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Separate legal identity means that the owner is
directly legally responsible
NOT directly legally responsible
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limited liability means that the owner
is responsible for paying the company's debts
is NOT responsible for paying the company's debts
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