Corporations can (select all that applies):
What do you know about corporations?

Quiz
•
Business
•
12th Grade
•
Easy
Ghazal Hijazi
Used 10+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Have their own bank accounts
Avoid government taxation
Can sue and be sued
Take on debts
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Advantages of a corporation include:
Double Taxation
Limited Liability
It is not a tax paying entity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is correct about Corporations?
Corporations are taxed on their corporate income
Corporations are not required to pay taxes to the government
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Charities, Public Benefits, and Mutual Benefit corporations are types of:
Limited Liability Corporations
Corporations
Nonprofit Corporations
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a Corporation:
Entity is controlled by the owner as a whole
Entity is controlled by partners who have equal voting rights
Entity is controlled by a Board of Directors that's appointed by shareholders
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a Limited Liability Company, profits are paid:
As dividends based on agreement
Based on members' agreement
Paid as per the percentage of ownership
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following types of corporations is NOT subject to double taxation?
(You may select multiple answers)
Limited Liability Company
C Corporations
S Corporations
Nonprofit Corporation
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Nonprofit Corporations:
Profit is distributed among partners equally
Profits are distributed as stocks or dividends to shareholders
Profits remain within the company
Similar Resources on Quizizz
10 questions
5-1 Types of Business Ownership

Quiz
•
9th - 12th Grade
10 questions
5-2 Establishing a Business

Quiz
•
9th - 12th Grade
10 questions
Agricultural Business: Management

Quiz
•
9th - 12th Grade
6 questions
Business Organizations

Quiz
•
9th - 12th Grade
10 questions
Business Structure Vocabulary

Quiz
•
12th Grade
10 questions
FINAL: Section 7: Business Formation

Quiz
•
12th Grade
10 questions
Forms of Business Organizations

Quiz
•
12th Grade
8 questions
Accounting 1.02

Quiz
•
9th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for Business
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
65 questions
MegaQuiz v2 2025

Quiz
•
9th - 12th Grade
10 questions
GPA Lesson

Lesson
•
9th - 12th Grade
15 questions
SMART Goals

Quiz
•
8th - 12th Grade
45 questions
Week 3.5 Review: Set 1

Quiz
•
9th - 12th Grade