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Business Entities Quiz
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Business Entities Quiz

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@GoodHyena

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Questions and Answers

Which type of business entity is formed and administered as per corporate law?

  • Sole traders
  • Partnerships
  • Cooperatives
  • Corporations (correct)

    • Which type of business entity is formed to sell a product or a service?

  • Partnerships
  • Sole traders
  • Cooperatives
  • Corporations (correct)

    • Which type of business entity is a specifically permitted and labelled type?

  • Partnerships
  • Cooperatives
  • Corporations (correct)
  • Sole traders

    • Which type of business entity is a limited liability company?

    <p>Sole traders</p> Signup and view all the answers

    Which type of business entity is commonly referred to as Ltd. in the United Kingdom?

    <p>Corporations</p> Signup and view all the answers

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