BUS 115 Chapter 15 Business Organization

BUS 115 Chapter 15 Business Organization

University

26 Qs

quiz-placeholder

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BUS 115 Chapter 15 Business Organization

BUS 115 Chapter 15 Business Organization

Assessment

Quiz

Business

University

Medium

Created by

Bobbi Stevens

Used 3+ times

FREE Resource

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This business organization type is the oldest and most common.
parternship
corporation
sole proprietorship
limited partnership

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Business organization owned by two or more people.
partnership
corporation
franchise
sole proprietorship

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Corporations have perpetual existence.
True
False

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The main disadvantage of a corporation is
has unlimited liability
double taxation
historically is short lived
has a simple structure

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The main disadvantage of a sole proprietorship
you have limited liability
hard to call in sick
taxes are high
you have unlimited liability

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A beginning business enterprise
fledgling business
start-up
business incubator
proprietorship

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

All the business forms listed below have limited liability EXCEPT the:
Limited liability company
General Partnership
"S" Corporation
Corporation

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