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Business, Computers

4th

grade

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Business Organization

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20 questions

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  • 1. Multiple Choice
    15 minutes
    1 pt
    A ________ must name a board of directors that will make the major policy and financial decisions for the business.
    limited liability company
    proprietorship
    corporation
    limited liability partnership
  • 2. Multiple Choice
    15 minutes
    1 pt
    The people who make the major policy and financial decisions in a corporation are the 
    investors
    board of directors
    managers
    owners
  • 3. Multiple Choice
    15 minutes
    1 pt

    In what type of business organization is each owner personally liable for all business debts, even if the debts were created by other owners?

    corporation

    partnership

    proprietorship

    corporation

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