Elevate your understanding of business fundamentals with the "Introduction To Business " quiz. Dive into the core principles that shape the commercial landscape, exploring concepts such as business ethics, social responsibility, entrepreneurship, marketing, and financial literacy. Whether you're a novice or looking to reinforce your knowledge, this quiz provides a comprehensive overview, preparing you for more advanced studies in the dynamic world of business.
Business owned by one particular person
Business owned by family and friends
Business owned by two people who agree legally two become co/owners
Business who agree to have liability with others
Rate this question:
True
False
Rate this question:
Debt of business
How much money the business has
How much money the business makes
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
Legal entity with authority to act and have liability apart from its owners.
Owned by one person
Owned by family
Owned by a particular group of people
Rate this question:
Genreal
Financial
Limited
Rate this question:
Limited Liability
No workers
Ease of ownership change
Rate this question:
True
False
Rate this question:
Initial cost Extensive paperwork Double taxation Two tax returns Initial cost Extensive paperwork Double taxation Two tax returns two tax returns
Initial cost Extensive paperwork Double taxation Two tax returns difficulty of termination
Perpetual life
Rate this question:
Being your own boss
Someone else is your boss
Hard to start and end a business
Special taxes
Rate this question:
Steak holders, share holders
Share holders, directors
Employess, benefits of liability
Rate this question:
Not taxed like sole proprietor ships
Taxed like sole proprietor ships
A unique government creation that looks like a corporation
Taxed like partnertships
Rate this question:
Quiz Review Timeline (Updated): Jan 23, 2024 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
Wait!
Here's an interesting quiz for you.