BP Ch. 5 Test

BP Ch. 5 Test

9th - 12th Grade

32 Qs

quiz-placeholder

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BP Ch. 5 Test

BP Ch. 5 Test

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Elizabeth Cordero

Used 28+ times

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32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

All businesses buy goods and services

True

False

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Service jobs are the lowest paying jobs in the U.S. economy.

True

False

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Most states require proprietorships to register a business name.

True

False

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A corporation’s owners have access to profits only if the board of directors approves it.

True

False

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A cooperative is a special type of corporation that allows all income to be passed through to owners based on their investment and is taxed on their individual tax returns.

True

False

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A goal is a precise statement of results the business expects to achieve.

True

False

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

There is no difference between policies and procedures.

True

False

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