Legal Structures of Business Organizations
Description: This quiz consists of 15 questions related to the legal structures of business organizations. It covers topics such as the different types of business organizations, their characteristics, advantages, and disadvantages. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: business law legal structures sole proprietorship partnership corporation limited liability company |
Which of the following is not a type of business organization?
A sole proprietorship is a business owned and operated by:
A partnership is a business owned and operated by:
A corporation is a business that is:
A limited liability company (LLC) is a business that:
Which of the following is an advantage of a sole proprietorship?
Which of the following is a disadvantage of a sole proprietorship?
Which of the following is an advantage of a partnership?
Which of the following is a disadvantage of a partnership?
Which of the following is an advantage of a corporation?
Which of the following is a disadvantage of a corporation?
Which of the following is an advantage of an LLC?
Which of the following is a disadvantage of an LLC?
Which type of business organization is best for a small business with one owner?
Which type of business organization is best for a business with multiple owners who want to share the profits and losses?