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Mixed Quiz
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1

The proprietor is not personally liable for any aspects of the business.
A)True
B)False
2

A sole proprietorship is dissolved in the event of the owner's death
A)True
B)False
3

The most attractive type of business formation for raising capital is the corporation.
A)True
B)False
4

The limited liability company is not automatically taxed as a partnership.
A)True
B)False
5

The leaders of the organization should not consider themselves role models for their employees.
A)True
B)False
6

The least expensive form of ownership to start is a:
A)C corporation
B)limited liability company
C)partnership.
D)none of the above.
7

In a ______________, bonds can be used to raise capital.
A)corporation
B)limited partnership
C)general partnership
D)sole proprietorship
8

________________ distribute profits to owners through dividends.
A)Sole proprietorships
B)General partnerships
C)Limited partnerships
D)Corporations
9

In a(n) ______________________, only one class of stock is permitted.
A)B corporation
B)O corporation
C)S corporation
D)none of the above





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