3.1 Business Organization Quiz
Quiz
•
Social Studies
•
12th Grade
•
Hard
Leonel Roman Avalos
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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most common form of business organization?
Corporation
Partnership
Sole proprietorship
Cooperative
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the U.S., most businesses today are related to which sector?
Manufacturing
Agriculture
Service
Mining
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a sole proprietorship?
A business owned by multiple partners
A business owned and managed by a single individual
A business owned by shareholders
A business owned by the government
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three categories of partnerships mentioned in the document?
General Partnership, Limited Partnership, Limited Liability Partnership
Sole Proprietorship, Corporation, Franchise
Joint Venture, Cooperative, Nonprofit
Partnership, Corporation, Sole Proprietorship
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a general partnership, how do partners share responsibility and liability?
Equally
Unequally
Based on investment
Not shared
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of a limited partnership?
Only one partner is required to be a general partner
All partners have unlimited liability
No partners have liability
All partners are general partners
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What distinguishes a limited liability partnership from other types of partnerships?
All partners are limited partners
Only one partner has liability
Partners do not share profits
It is the oldest form of partnership
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