Understanding Partnerships in Business

Understanding Partnerships in Business

12th Grade

15 Qs

quiz-placeholder

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Understanding Partnerships in Business

Understanding Partnerships in Business

Assessment

Quiz

Other

12th Grade

Hard

Created by

Jereen Simmonds

FREE Resource

15 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is a partnership in business?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the main difference between a general partnership and a limited partnership?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is a partnership agreement, and why is it important?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Name two advantages of forming a partnership.

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Name two disadvantages of forming a partnership.

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the role of a general partner in a partnership?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the role of a limited partner in a partnership?

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OFF

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