Corporations

Corporations

15 Qs

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Corporations

Corporations

Assessment

Quiz

others

Practice Problem

Easy

Created by

Stephanie Miller

Used 12+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which of the following is NOT a corporation?

McDonalds
Macy's
Eat N Park
Ford

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Why are corporations so important to the economy?

Corporation bring most of the money earned in America
Corporations provide opportunities for people to invest and get ahead financially
Corporations provide the majority of American jobs
Corporations provide things that people need or want
All of the above

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A corporation is a business organization that is legally ______________ from it owners.

Separated
Attached

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

When a business decides to incorporate they have to secure a _________ from the state government, establishing the existence of that new and separate legal entity.

Birth certificate
Loan
Charter

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What does it mean when they say that a corporation is a legal "person"?

It means that the corporation is living human person that runs the business
It means that a corporation is a legal person, separated from its owners, with the same rights under the law
It means that corporations are illegal entities, connected to their owners, with the same rights as humans

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is a corporation?

A business that is legally separated from its owners

A business that is owned by one person

A business that is owned by two or three people

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A corporation can do all of the following EXCEPT:

Enter into contracts

Loan & borrow money

Hire employee

Own assets

A corporation can do ALL of the options listed

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