What do you know about corporations?

What do you know about corporations?

12th Grade

8 Qs

quiz-placeholder

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What do you know about corporations?

What do you know about corporations?

Assessment

Quiz

Business

12th Grade

Easy

Created by

Ghazal Hijazi

Used 10+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Corporations can (select all that applies):

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