One of the advantages of a sole-proprietor is that
BE Unit 1 EOB unit 2 Progress Test MCQ
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BE Unit 1 EOB unit 2 Progress Test MCQ
Quiz
•
Other, Business
•
7th - 9th Grade
•
Hard
Dion Lee
Used 13+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
it has limited liability.
its shares are freely transferable
the owner can make quick decisions.
the owner can make quick decisions.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A private company raises its own capital by
issuing bonds.
issuing debentures
selling shares to the public
selling shares to the members.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
profits are shared according to the agreement formed
Partnership.
Private company.
Close corporation.
Co-operative society.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following set up structure has limited liability?
Sole trader and close corporation.
Private corporation and public company.
Sole trade and partnership
Private company and General partnership
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
examples of businesses in the tertiary sector
School, hydroponics farm, garment factory.
Hotel, spa, petrol refinery
Hairdressing salon, Insurance company, tuition centre.
Vineyard, audit company, tax consultancy company
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Retail shops like beauty salons are sole-proprietorship business unit because the business can
carry on indefinitely.
operate with limited capital.
obtain loans from banks easily.
hire professionals to manage the business.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is an advantage of a sole-proprietorship?
Ease of starting a business.
Direct Reward.
Being your own boss.
All of the above.
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