Business Structure

Business Structure

12th Grade

25 Qs

quiz-placeholder

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Business Structure

Business Structure

Assessment

Quiz

English

12th Grade

Hard

Created by

Sarah Williams

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A business formed by two or more people to carry on a business together, with shared capital investment and, usually, shared responsibilities.

Sole trader

Partnership

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A business in which one person provides the permanent finance and, in return, has full control of the business and is able to keep all of the profits.

Sole trader

Partnership

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

It comprises businesses owned and controlled by individuals or groups of individuals.

Public sector

Private sector

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The only liability – or potential loss – a shareholder has if the company fails is the amount invested in the company, not the total wealth of the shareholder.

Private limited company

Limited liability

Public limited company

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a characteristic of a partnership?

Direct control over business operations

Public trading of shares

Shared ownership among multiple individuals

Close-knit relationship among partners

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Another term for an individual owner who determines policies and has the last say in decision making is a:

business partner

sole proprietor

stockholder

manager

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of business structure is a law firm typically?

Partnership

Non-profit organization

Sole proprietorship

Corporation

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