Unit 9 - Business Organizations
Quiz by Kathleen Brown
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10 questions
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- Q1Which type of organization means that there are few or no levels of managers in between the top people who run the company and the employees?Functional organizationFlat organizationMatrix organization30sEditDelete
- Q2What are RFID tags used for?Creating an expense journalShipping productsTracking inventory30sEditDelete
- Q3A trademark can help your company do what?Buy and sell productsDifferentiate itselfOrganize itself30sEditDelete
- Q4If a company is organized by function, that means it is grouped into departments based on what?The type of work people doThe product being producedThe type of customer being served30sEditDelete
- Q5What does it mean to have liability for a company?It means you can be held personally accountable for the financial debts and illegal actions of your company.It means your company is able to sue other companies that use your trademark.It means your company is late in paying its taxes.30sEditDelete
- Q6Which of the following types of companies provide personal liability protection for their owners?Corporations and LLCsTrademarked and licensed companiesSole proprietorships and partnerships30sEditDelete
- Q7If your business operates in more than one state or in a large area, it's a good idea to register the trademark with what organization?USPTOSCORE30sEditDelete
- Q8Which of the following companies is the easiest type to set up?S corporationC corporationSole proprietorship30sEditDelete
- Q9Which of the following companies will experience double taxation because it is taxed as a separate legal entity?A C corporationA nonprofit corporationA partnership30sEditDelete
- Q10Which of these things might make the state or federal government reject your trademark application?The name is the same as or similar to the trademark of a company that provides a similar product or service.The name has a misspelling in it.The name has never been registered as a trademark before.30sEditDelete