Gr9_T1_Checkpoint2
9th Grade
•16 Qs
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Gr9_T1_Checkpoint2
Quiz
•
Business
•
9th Grade
•
Practice Problem
•
Hard
Mounira Lakas
Used 5+ times
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16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a sole trader?
A non-profit organization
A business owned and run by one individual
A business owned and run by the government
A business owned by two or more people
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an advantage of being a sole trader?
Profit is all yours.
Limited liability
Too much work
No help from partners.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Two friends, Sultan and Nasser, plan to start a bakery together. Both invested 50% of the capital required. They will share the work and the profit. What type of business structure is this?
Joint venture
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a partnership?
A business owned by one person
A business owned by shareholders
A business owned by the government
A business owned by two or more people
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sultan and Nasser are partners in a bakery. Sultan decides to take on a loan (قرض) for the business without informing Nasser. Under a partnership contract, who is liable for the debt (من المسؤول عن القرض)?
Sultan
The bank
Both Sultan and Nasser
Nasser
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sultan and Nasser are facing a big conflict over the best way to expand the business. Is this ........................................of a partnership.
advantage
disadvantage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "unlimited liability"(مسؤولية غير محدودة) mean for business owners?
Owners are not responsible for business debts.
Business owners can only lose their business assets.
Owner is responsible for all business debts, he may lose his house...
The bank is responsible for business debts.
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