Exploring Business Structures Quizs
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Business
11th Grade
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Disadvantage: Decision-making can be slower due to the need for consensus.
Partnership
Sole Proprietorship
Corporation
Limited Liability Company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A law firm owned by several attorneys who share profits and responsibilities.
Corporation
Sole Proprietorship
Partnership
Limited Liability Company
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Disadvantage: Increased regulatory scrutiny and compliance requirements.
Corporation
Sole Proprietorship
Partnership
Limited Liability Company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Advantage: Profits go directly to the owner and are taxed as personal income.
Sole Proprietorship
Partnership
Corporation
Limited Liability Company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Shareholders are not personally liable for the corporation's debts.
Sole Proprietorship
Partnership
Corporation
Limited Liability Company
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Advantage: Easier access to capital from multiple partners.
Sole Proprietorship
Corporation
Partnership
Limited Liability Company
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Disadvantage: Potential for conflicts and disagreements among partners.
Sole Proprietorship
Corporation
Partnership
Limited Liability Company
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