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ESB Domain 1 Test

Authored by Melissa Dingerson

Computers

9th - 12th Grade

Used 193+ times

ESB Domain 1 Test
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25 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 4 pts

No ownership, no US Federal taxes

S Corporation
Partnership
Non-Profit
Sole Proprietorship
C Corporation

2.

MULTIPLE CHOICE QUESTION

5 mins • 4 pts

Best for international business, even with being double-taxed

S Corporation
Partnership
Non-Profit
Sole Proprietorship
C Corporation

3.

MULTIPLE CHOICE QUESTION

5 mins • 4 pts

Easy to create, but comes with unlimited liability

S Corporation
Partnership
Non-Profit
Sole Proprietorship
Limited Liability Corporation (LLC)

4.

MULTIPLE CHOICE QUESTION

5 mins • 4 pts

Lower tax rate that prevents the company from being double-taxed

S Corporation
Partnership
Non-Profit
Sole Proprietorship
Limited Liability Corporation (LLC)

5.

MULTIPLE CHOICE QUESTION

5 mins • 4 pts

Ideal for a single owner seeking limited liability protection

S Corporation
Partnership
Non-Profit
Sole Proprietorship
Limited Liability Corporation (LLC)

6.

MULTIPLE CHOICE QUESTION

5 mins • 4 pts

Shared financial backing

S Corporation
Partnership
Non-Profit
Sole Proprietorship
Limited Liability Corporation (LLC)

7.

MULTIPLE CHOICE QUESTION

5 mins • 4 pts

Creates the company

Founder
Stakeholder
Chief Financial Officer (CFO)
Chief Executive Officer (CEO)
Chief Operating Officer (COO)

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