Site MapHelpFeedbackMultiple Choice Quiz
Multiple Choice Quiz
(See related pages)

1
If you decide to go into business on your own, you are creating a sole __________, an unincorporated business organization in which you, as the sole owner, are in complete control of the management and profits of the business.
A)Conservatorship
B)Proprietorship
C)Partnership
D)None of the above
2
Which of the following is not an advantage of a sole proprietorship?
A)Creation is easy
B)Proprietor is personally liable for all losses
C)Proprietor is in total control of all management
D)Proprietor keeps all profits
3
What is not an advantage of the partnership?
A)Ease of creation
B)Income of business is considered personal income (of the partners)
C)Business losses can be deducted from taxes
D)Individual partner liability for all partnership losses
4
A(n) __________ partnership is an agreement between at least one general partner and at least one limited partner.
A)Qualified
B)Quasi-
C)Limited
D)Unlimited
5
In a(n) __________ partnership, partners divide the profits (usually equally) and management responsibilities and share unlimited personal liability for the firm's debts.
A)Corporal
B)General
C)Limited
D)Unlimited
6
A __________ is a partnership agreement in which company members hold transferable shares while all the goods of the company are held in the names of the partners.
A)Cooperative
B)Syndicate
C)Business trust
D)Joint stock company
7
A(n) __________ is an organization formed by individuals who usually pool their resources to gain an advantage in the market.
A)Institutional partnership
B)Organizational "pool"
C)Cooperative
D)"Market-maker"
8
An investment group that comes together for the explicit purpose of financing a specific large project is a(n) __________.
A)Syndicate
B)Cooperative
C)Institutional partnership
D)Organizational "pool"
9
The __________ is the owner of a trade name or trademark in a franchise agreement.
A)Obligor
B)Obligee
C)Franchisor
D)Franchisee
10
The __________ is the party who sells goods or services under a licensed trade name or trademark in a franchise agreement.
A)Obligor
B)Obligee
C)Franchisor
D)Franchisee





To learn more about the book this website supports, please visit its Information Center.
Copyright (c)2012 McGraw-Hill Education .
Any use is subject to the Terms of Use and Privacy Notice | Report Piracy


Kubasek 2e CNCT Business LawOnline Learning Center

Home > Chapter 35 > Multiple Choice Quiz