
CHAPTER 1
Quiz
•
Financial Education
•
University
•
Practice Problem
•
Hard
Gia Khánh Mai
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10 questions
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1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What are the major types of firms?
Sole Proprietorships
Partnerships
Limited Liability Companies
Private Limited Company
Public Limited Company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a sole proprietorship?
A business owned and run by one person.
A business owned by multiple partners.
A corporation with limited liability.
A company that can trade shares publicly.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the disadvantages of a sole proprietorship?
Unlimited personal liability for debts.
Difficult to raise capital.
Limited lifespan.
All of the above.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main difference between partnerships and sole proprietorships?
Partnerships have more than one owner.
Partnerships have limited liability.
Sole proprietorships can have multiple partners.
Partnerships are easier to set up.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a corporation?
A business owned by one person.
A legal entity separate from its owners.
A type of partnership.
A limited liability company.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the features of corporations?
Legally defined artificial being.
Can enter into contracts.
Owners are not liable for obligations.
All of the above.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the financial manager?
Making investment decisions.
Managing cash flows.
Making financial decisions.
All of the above.
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