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
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