Business Organization and Structure Quiz

Which type of business is owned by a group of people and authorized by the state?

Cooperative

Limited liability partnership

Intrapreneur

Corporation (correct)

Who is the top executive hired to manage a business?

Creditor

Partner

Intrapreneur

Officer (correct)

What is the purpose of a cooperative business?

To provide goods and services to user-members (correct)

To develop new products within a company

To work together with other businesses

To manage a business

Which type of business structure has partners with unlimited and limited liabilities?

Limited partnership Signup and view all the answers

What is the main characteristic of a nonprofit corporation?

Exists to make a profit Signup and view all the answers

What defines an intrapreneur within a company?

Manages a special unit within a company Signup and view all the answers

What is a joint venture in business terms?

An agreement among multiple businesses to collaborate on providing a good or service Signup and view all the answers

What distinguishes a limited partnership from other business structures?

It has at least one general partner with unlimited liability and at least one limited partner Signup and view all the answers

What role does a creditor play in business transactions?

Receiving money owed by individuals or businesses Signup and view all the answers

How does a limited liability company differ from a traditional corporation?

It is taxed as a sole proprietorship or partnership Signup and view all the answers

Which business structure involves creating a special unit within a company to develop new products?

Intrapreneurship Signup and view all the answers

What characterizes a corporation in terms of its legal status?

Authorized by the state to act separately from its owners Signup and view all the answers

What differentiates an officer from other roles within a business?

Being the top executive hired to manage the business Signup and view all the answers

In which type of organization do partners have their liability limited to their investment?

Limited partnership Signup and view all the answers

What tax status applies to a nonprofit corporation?

Does not pay taxes and exists to make a profit Signup and view all the answers

What type of business structure includes partners with unlimited liabilities?

Limited partnership Signup and view all the answers

Business Organization and Structure Quiz

Questions and Answers

Which type of business is owned by a group of people and authorized by the state?

Who is the top executive hired to manage a business?

What is the purpose of a cooperative business?

Which type of business structure has partners with unlimited and limited liabilities?

What is the main characteristic of a nonprofit corporation?

What defines an intrapreneur within a company?

What is a joint venture in business terms?

What distinguishes a limited partnership from other business structures?

What role does a creditor play in business transactions?

How does a limited liability company differ from a traditional corporation?

Which business structure involves creating a special unit within a company to develop new products?

What characterizes a corporation in terms of its legal status?

What differentiates an officer from other roles within a business?

In which type of organization do partners have their liability limited to their investment?

What tax status applies to a nonprofit corporation?

What type of business structure includes partners with unlimited liabilities?

More Quizzes Like This

Business Organization Structures Quiz: Test Your Knowledge

Business Organization Lecture 5: New Programmer’s Survival Manual Chap...

Business Organization Forms Quiz

Business Organization Chapter 8

Upgrade to continue