Have an account?
Skip to Content
Build your own quiz
Suggestions for you
8 questions
Show Answers
See Preview
- 1. Multiple Choice
What are the advantages of a partnership?
easy to start
partners share risks
unlimited life
limited liability
- 2. Multiple Choice
What is the structure of corporations?
Shareholders -> the Board of directors -> CEO, CFO, COO
CEO, CFO, COO -> Shareholders -> the Board of directors
CEO, CFO, COO
the Board of directors -> Shareholders
- 3. Fill in the Blank
The difference between legal persons and natural persons is that the second are ______
- 4. Multiple Choice
Which business organizations are usually created as sole proprietorships?
landscaper
Floral shop
Large High-tech business
Banks
- 5. Fill in the Blank
If owner of business has full responsibility for company's debts, it's ______ liability
- 6. Multiple Choice
If one partner quits ...
the partnership must be reorganized
the partnership continues
another partner must register sole proprietorship
the sole proprietorship must be liquidated
- 7. Multiple Choice
This documents are legal documents that CREATE a corporation
Charters
Bylaws
Balance Sheet
Incorporation
- 8. Fill in the Blank
____________ provide the framework for internal governance and day-to-day operations of a corporation
- Answer choicesTagsAnswer choicesTags