Corporations

Corporations

9th - 12th Grade

25 Qs

quiz-placeholder

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Corporations

Corporations

Assessment

Quiz

Business

9th - 12th Grade

Easy

Created by

Mikel Collins

Used 20+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

business owned by one individual

proprietorship

C Corporation

target profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

business owned by two or more individuals

partnership

corporation

OLAP

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

business or group of people legally allowed to act as a single unit

s corporation

corporation

data mining

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

most common type of corporation; has shareholders which elect a board of directors which oversees the company's activities

double taxation

S Corporation

C Corporation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

governing body of elected members which oversee the company's activities

board of directors

journal

trial balance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

profits are taxed when earning and taxed again when distributed as shareholders' personal tax returns

double taxation

accounting period

balance sheet

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

formerly called a sub section S corporation, records profits and losses on shareholders' personal tax returns

C Corporation

S Corporation

corporate tax

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