10 Questions
What percentage of businesses are corporations?
20%
What is a disadvantage of a sole proprietorship?
Unlimited liability
What is an advantage of a sole proprietorship?
Ease of start/end
What type of partnership involves a passive investor?
Limited Partnership
What is a benefit of a partnership?
More financial resources
What is one of the disadvantages of corporations?
Two tax returns
Why did Elon Musk acquire Twitter?
To exercise his freedom of speech
What is a characteristic of a corporation?
Separation of ownership and management
What happens when a corporation distributes dividends to its stockholders?
The stockholders are taxed on the dividends
What is a disadvantage of having a single person holding both the chairman and CEO roles?
There is a lack of balanced power
Assess your knowledge of business ownership, leadership, and organizational behavior in this quiz covering Chapters 5, 7, 8, and 10 of the Fundamentals of Management course.
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