Podcast
Questions and Answers
Which type of business is owned by a group of people and authorized by the state?
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?
Who is the top executive hired to manage a business?
- Creditor
- Partner
- Intrapreneur
- Officer (correct)
What is the purpose of a cooperative business?
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?
Which type of business structure has partners with unlimited and limited liabilities?
What is the main characteristic of a nonprofit corporation?
What is the main characteristic of a nonprofit corporation?
What defines an intrapreneur within a company?
What defines an intrapreneur within a company?
What is a joint venture in business terms?
What is a joint venture in business terms?
What distinguishes a limited partnership from other business structures?
What distinguishes a limited partnership from other business structures?
What role does a creditor play in business transactions?
What role does a creditor play in business transactions?
How does a limited liability company differ from a traditional corporation?
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?
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 characterizes a corporation in terms of its legal status?
What differentiates an officer from other roles within a business?
What differentiates an officer from other roles within a business?
In which type of organization do partners have their liability limited to their investment?
In which type of organization do partners have their liability limited to their investment?
What tax status applies to a nonprofit corporation?
What tax status applies to a nonprofit corporation?
What type of business structure includes partners with unlimited liabilities?
What type of business structure includes partners with unlimited liabilities?
