Classic Classic Quiz Unit Five - Businesses by MidnightHorror MidnightHorror 8 played - 12 yrs ago A quiz about business types. QUIZ 7 QUESTIONS medium Business 1 What is an advantage of having a sole proprietorship? Unlimited lifeProfits are taxed twiceComplete control 2 Which is not a disadvantage of a partnership? Many government regualtionsUnlimited personal liabilityProfits must be shared 3 What is an advantage of both a sole proprietorship and a partnership? Easy to startEasy to attract workersPride of ownership 4 If you wanted to open a restaurant but had little knowledge about the subject, what is the best type of business to set up? PartnershipCorporationFranchise 5 You are very skilled at making lemonade, but you have no money. A friend offers to give you money to start your business. What is the best way to organize a business? General PartnershipLimited PartnershipCorporation 6 What is a disadvantage of a corporation? Many government regulationsUnlimited liabilityDifficult to raise financial capital 7 What kind of business is Wal-Mart? CorporationFranchisePartnership Commentaires
