Here, we are bringing to you this "Business Partnership Quiz. " A business has a lot of areas where you have to work upon to not just sustain but to grow your business. This quiz is based on the partnership and various other related aspects of a business. How business partnership works and rules and regulations related to it. Do you think you can pass? Well, try your luck here. Take this quiz and score well. Best of luck!
To the partners by way of additional contributions when the assets of the partnership were insufficient to settle all obligations
To partnership and separate creditors in the ratio of their loan exposures
To separate creditors
To partnership creditors
The death of a shareholder will not dissolve the corporation because of the power of succession.
Its management is centralized on the board of directors.
Shareholders have limited liability
Shareholders are not general agents of the business
All of the above
To the partners by way of additional contributions when the assets of the partnership were insufficient to settle all obligations
To partnership and separate creditors in the ratio of their loan exposures
To separate creditors
To partnership creditors
The withdrawal of a partner from a partnership
The receipt of share in profit by an existing partner
The contribution of additional assets to the partnership by an existing partner.
The winding up of the partnership and distribution of remaining assets to partners.
Incapacity of a partner
Negative capital balance of a partner
The bankruptcy of a partner
Admission of a new partner
Ms. Rachel Anne M. Dela Cruz
Ms. Rachel Grace M. Dela Cruz
Ms. Rachelle Anne M. Dela Cruz
Ms. Rachelle Grace M. Dela Cruz
Right of succession
Right of pre-emption
Right of existence
None of the above
Incorporators
Promoters
Members
Shareholders
Right to redemption
Pre-emptive right
Right to be sued
Concept of corporate entity
Corporators
Incorporators
Promoters
Subscribers
None of the above
Partnership liabilities, partnership capital balances, and partnership loans.
Partnership liabilities, partnership loans, and partnership capital balances.
Partnership drawings, partnership liabilities, partnership loans, and partnership capital balances.
Partnership liabilities, partnership loans, partnership drawings, and partnership capital balances.
General partner
Limited partner
Industrial partner
All of the above
Market value
Par value
Liquidation value
Book value
None of the above
In the ratio of their last agreed capital balance
Partnership profit/loss sharing ratio
Debts are shared equally.
Debts should not be cleared by other partners
For less than P5.00
With preference as to assets or as to dividends
Without being fully paid
All of the above
Capital
Equally
Time devoted by each partner
None of these
Board of directors
Majority shareholders
Minority shareholders
None of the above
Dissolved
Continued
Not affected
Re-organized
Death of a partner
Insolvency of partner
The insanity of a partner
All of the above
The receipt of share in profit by an existing partner
The withdrawal of a partner from a partnership
The contribution of additional assets to the partnership by an existing partner
The winding up of the partnership and the distribution of remaining assets to the partners.
According to the profit and loss ratio
According to capital contribution
As decided among them
None of the above
Those owing to outside creditors
Those owing to the partners with respect to their share of the profits
Those owing to the partners with respect to their capital contributions
Those owing to inside creditors in the form of loans or advances for business expenses by the partners
The deficit balance should be removed from the accounting records, and the remaining partners would share in any additional profits.
The partner with the deficit should contribute enough personal assets to eliminate the deficit balance.
The partner with the highest capital balance should allocate enough dollars to eliminate the deficit balance.
The other partners should contribute personal assets to eliminate the deficit balance.
Those owing to outside creditors
Those owing to the partners with respect to their share of the profits
Those owing to the partners with respect to their capital contributions
Those owing to inside creditors in the form of loans or advances for business expenses by the partners
Shareholders-common shares
Shareholders-preferred share
Shareholders-common and preferred shares
None of the above
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Here's an interesting quiz for you.