Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
15 questions
Show answers
  • Q1

    The corporation has separate legal existence from its owners.

    true
    false
    True or False
    15s
    ABM_ESR12-IIIa-d-1.1
  • Q2

    A sole proprietorship is the simplest form of business organization.

    true
    false
    True or False
    15s
    ABM_ESR12-IIIa-d-1.1
  • Q3

    A sole proprietorship is hard to set up and is costly among all forms of ownership.

    false
    true
    True or False
    15s
    ABM_ESR12-IIIa-d-1.1
  • Q4

    In a partnership, more partners mean more capital.

    true
    false
    True or False
    15s
    ABM_ESR12-IIIa-d-1.1
  • Q5

    A limited partner carries unlimited liability, meaning their personal assets are on the line and can be sued for the whole of the partnership’s business debts.

    false
    true
    True or False
    15s
    ABM_ESR12-IIIa-d-1.1
  • Q6

    When a partner leaves the organization or passes away, the general partnership is typically dissolved.

    true
    false
    True or False
    15s
    ABM_ESR12-IIIa-d-1.1
  • Q7

    Limited partners receive dividends based on the amount they’ve invested in the business.

    true
    false
    True or False
    15s
    ABM_ESR12-IIIa-d-1.1
  • Q8

    A general partnership is an arrangement between two or more parties who have agreed to combine their resources in order to accomplish a specific project.

    false
    true
    True or False
    15s
    ABM_ESR12-IIIa-d-1.1
  • Q9

    In a corporation, the owners (stockholders) enjoy limited liability but have limited involvement in the company's operations.

    true
    false
    True or False
    15s
    ABM_ESR12-IIIa-d-1.1
  • Q10

    The board of directors, an elected group from the stockholders, controls the activities of the corporation.

    true
    false
    True or False
    15s
    ABM_ESR12-IIIa-d-1.1
  • Q11

    The corporation must pay an income tax on its earnings, and the stockholders are required to pay taxes on the dividends they receive: the result is double taxation of distributed earnings.

    true
    false
    True or False
    30s
    ABM_ESR12-IIIa-d-1.1
  • Q12

    The corporation is not subject to numerous government regulations.

    false
    true
    True or False
    30s
    ABM_ESR12-IIIa-d-1.1
  • Q13

    A limited liability company is a business organizational structure that protects the owner’s personal assets in the event of a business fault or accident.

    true
    false
    True or False
    30s
    ABM_ESR12-IIIa-d-1.1
  • Q14

    Cooperatives can be categorized by their purpose; their members procure from and/or provide goods and services to the cooperative.

    true
    false
    True or False
    30s
    ABM_ESR12-IIIa-d-1.1
  • Q15

    In a corporation, ownership is non-transferable.

    false
    true
    True or False
    30s
    ABM_ESR12-IIIa-d-1.1

Teachers give this quiz to your class