Gmetrix D1L1

Gmetrix D1L1

9th Grade

40 Qs

quiz-placeholder

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Gmetrix D1L1

Gmetrix D1L1

Assessment

Quiz

Business

9th Grade

Hard

Created by

Nicole Gantz

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Non-profit legal structure?

A) No ownership, no US federal taxes

B) Best for international business

C) Easy to create but comes with unlimited liability.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a C-Corp best for?

Lower tax rate

International business even with being double-taxed

Shared financial backing.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic of a Proprietorship?

A) Easy to create but comes with unlimited liability

B) Ideal for a single owner seeking low risk

C) Shared financial backing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key benefit of an S-Corp?

No ownership, no US federal taxes

Lower tax rate that prevents the company from being double-taxed

Best for international business.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an LLC ideal for?

A) Shared financial backing

B) A single owner seeking low risk

C) Easy to create but comes with unlimited liability.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of a Partnership?

A) No ownership, no US federal taxes

B) Shared financial backing

C) Best for international business

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Sole proprietorships are a good choice for owners who want to test their business idea before forming a more formal business.

True

False

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