Sole Proprietorships, Partnerships, And Corporations
6 Questions
| Total Attempts: 1309
(223).jpg "Sole Proprietorships, Partnerships, And Corporations - Quiz")
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Questions and Answers
- 1.What is the most common form of ownership in the United States?
- A.
Sole Proprietorship
- B.
Partnership
- C.
Corporation
- D.
Aflac
- 2.What is one advantage of a sole proprietorship?
- A.
Limited Size
- B.
Unlimited Liability
- C.
Limited Life
- D.
Secrecy
- 3.What percent of businesses in the United States are partnerships?
- A.
10%
- B.
40%
- C.
65%
- D.
100%
- 4.What is a disadvantage of a partnership?
- A.
Lack of success
- B.
Limited Liability
- C.
Unlimited Liability
- D.
Birth Defect
- 5.What is an advantage of a corporation?
- A.
Making money
- B.
Indefinite Life
- C.
Indecent Life
- D.
Government Restrictions
- 6.Which business tends to generate the most revenues?
- A.
Corporations
- B.
Sole Proprietorships
- C.
Partnerships
- D.
Lowe Dining Hall
We have made this "Partnership And Corporation Quiz" for you. This exam is for the SPS in OIS students of ACLC Taytay. If you are putting effort into learning more about partnership and corporation or just simply want...
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Sample QuestionThe legal provisions relating to Partnerships are contained in
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