What is a general partnership?

A partnership where all partners share equal responsibility

A partnership with limited liability

A partnership with silent partners

A partnership with no legal recognition

Which is a con of a partnership?

Easy withdrawal from partnership

Which business types does an LLC combine characteristics of?

Corporation, partnership, or sole proprietorship

Sole proprietorship and partnership

Sole proprietorship and corporation

Which is a pro of an LLC?

Owners are not personally responsible for debts

Which is a con of an LLC?

Members must pay self-employment tax

What is a C corporation?

A corporation with limited liability and corporate tax

A corporation with limited liability and personal tax

A corporation with unlimited liability and personal tax

A corporation with unlimited liability and corporate tax

What are the four types of business industries?

Service, Merchandising, Extracting, Manufacturing

Service, Manufacturing, Agriculture, Retail

Retail, Manufacturing, Service, Technology

Extracting, Retail, Service, Agriculture

Which of the following best defines assets?

Anything of value that an individual or business owns

Debts or obligations a business owes

The ownership interest in a company

What does equity represent in a business?

The ownership interest after deducting liabilities from assets

The movement of money into and out of a business

Costs incurred by a business in generating revenue

A financial plan outlining expected revenues and expenses

How is Return on Investment (ROI) calculated?

As the ratio of net gain to initial investment

By subtracting liabilities from assets

What is the primary purpose of risk management?

To identify, assess, and mitigate potential risks

To generate revenue for a business

To outline expected revenues and expenses

To measure profitability of an investment

Which of the following best describes depreciation?

The decrease in the value of an asset over time

The ability to meet short-term obligations

Spreading the cost of an intangible asset

The return on investment for lending money

What is the main goal of financial planning in a business?

To achieve the business's financial goals

To decrease the value of assets

To measure profitability of investments

To obtain goods or services before payment

What is a capital expenditure?

Spending for acquiring or upgrading physical assets

Spreading the cost of an intangible asset

An income generated by primary operations

What does liquidity measure in a company?

The ability to meet short-term obligations with current assets

The decrease in the value of investments

The ownership interest in a company

What does the term "cash flow" refer to?

The movement of money into and out of a business

The positive difference between revenue and expenses

A financial plan for expected revenues and expenses

What is the primary function of a budget?

To outline expected revenues and expenses over a specific period

To measure the profitability of an investment

To identify potential business risks

To summarize financial activities

Which of the following best describes a dividend?

A payment made by a corporation to its shareholders

A method of spreading investment risks

A decrease in the value of an asset

The ability to meet short-term financial obligations

How can interest rates affect a business?

By determining the cost of borrowing money

By increasing the value of assets

By spreading the cost of an intangible asset

By reducing risks through diversification

What does credit allow a customer to do?

Obtain goods or services before payment

Measure the profitability of investments

Spread the cost of an asset over time

Identify potential risks in business

What is amortization used for?

To spread the cost of an intangible asset over its useful life

To spread the cost of a tangible asset over its useful life

To reduce investment risks through diversification

To summarize financial activities

What does the "Product" element of the marketing mix focus on?

Features and benefits of the product

What does "SWOT" stand for in SWOT analysis?

Strengths, Weaknesses, Opportunities, Threats

Strategy, Will, Options, Tactics

Style, Work, Organization, Technology

Services, Worth, Objectives, Target

ENT Final

Authored by Callie Sanders

others

Used 1+ times

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

Content View

Student View

61 questions

Show all answers

OPEN ENDED QUESTION

30 sec • Ungraded

Your Name

Evaluate responses using AI:

OFF

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a sole proprietorship?

A business owned by a corporation

A business owned by one individual

A business owned by multiple partners

A business owned by shareholders

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many people own a sole proprietorship?

10 million individuals

15 million individuals

28.4 million individuals

50 million individuals

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of businesses are sole proprietorships?

60%

70%

80%

90%

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who receives the profits from a sole proprietorship?

The government

The employees

The sole proprietor

The shareholders

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a pro of a sole proprietorship?

Limited liability

Owner receives all profits

Easier to raise capital

Increased government regulation

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a con of a sole proprietorship?

Double taxation

Owner may lack funds

Complex to establish

Limited workforce

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

Already have an account?

Similar Resources on Wayground

57 questions

Викторина без названия

Quiz

•

KG - University

58 questions

TIN HỌC 12

Quiz

•

KG - University

57 questions

Trắc nghiệm lý 10

Quiz

•

KG - University

60 questions

Med Core 1 Review

Quiz

•

10th Grade - University

62 questions

Particles of Matter

Quiz

•

KG - University

56 questions

U7 Waves TEST

Quiz

•

9th - 12th Grade

59 questions

8 сынып 3-бөлім.Ақпаратты электронды кестелерде өңдеу

Quiz

•

KG - University

56 questions

AMT 324 Reviewer for Long quiz and Midterm Exam (NOT RECORDED)

Quiz

•

KG - University

Popular Resources on Wayground

7 questions

History of Valentine's Day

Interactive video

•

4th Grade

15 questions

Fractions on a Number Line

Quiz

•

3rd Grade

20 questions

Equivalent Fractions

Quiz

•

3rd Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

$fractions$

22 questions

fractions

Quiz

•

3rd Grade

15 questions

Valentine's Day Trivia

Quiz

•

3rd Grade

20 questions

Main Idea and Details

Quiz

•

5th Grade

20 questions

Context Clues

Quiz

•

6th Grade

Discover more resources for others

7 questions

History of Valentine's Day

Interactive video

•

4th Grade

15 questions

Fractions on a Number Line

Quiz

•

3rd Grade

20 questions

Equivalent Fractions

Quiz

•

3rd Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

$fractions$

22 questions

fractions

Quiz

•

3rd Grade

15 questions

Valentine's Day Trivia

Quiz

•

3rd Grade

20 questions

Main Idea and Details

Quiz

•

5th Grade

20 questions

Context Clues

Quiz

•

6th Grade

ENT Final

Your Name

What is a sole proprietorship?

How many people own a sole proprietorship?

What percentage of businesses are sole proprietorships?

Who receives the profits from a sole proprietorship?

Which is a pro of a sole proprietorship?

Which is a con of a sole proprietorship?

How many people are involved in a partnership?

What is a general partnership?

Which is a pro of a partnership?

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for others