Business Structure Partnership
Assessment
•
Adrian Darrell
•
Business
•
9th - 11th Grade
•
480 plays
•
Medium
Student preview
15 questions
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1.
Multiple Choice
-Two or more owners
-Lower taxes
-Unlimited Liability
Partnership
Sole Proprietorship
Corporation
All of the above
2.
Multiple Choice
Partnership
Corporation
Limited Liability Corporation (LLC)
Sole Propirtorship
3.
Multiple Choice
What type of paperwork is needed for a Partnership?
Business License
Partnership Agreement
Corporate Charter
Franchise Agreement
4.
Multiple Choice
Which of the following is a disadvantage of setting up a business as a partnership?
Shared losses
Shared workload
Shared profit
More ideas generated
5.
Multiple Choice
list two disadvantages of partnership (REM)
(I) partners might not all contribute equal
(ii) partnership has unlimited liability
(i) cash flow is often a problem
(ii) there could be a lack of capital and cash flow
(i) limited amount of capital available
(ii) ineffective services
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