Corporation
Understanding Corporations Quiz
Test your knowledge of corporations with our engaging quiz! Whether you're a business student, entrepreneur, or just curious about corporate structures, this quiz is tailor-made for you!
- 16 insightful questions
- Multiple choice and checkbox formats
- Learn about corporate definitions, advantages, and disadvantages
What is the definition of a corporation
A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
A legal form of business operation between two or more individuals who share management and profits.
A business that legally has no separate existence from its owner.
Which disadvantage doesn't apply to this business type (corporation)
There will be double taxation
Lots of rules to follow (hard process to start)
The business is fully liable for all debts and actions
It can cost 1,000$ to 8,000$ to start a corporation (depending on state)
True
False
Your Not liable for all debt/actions of the business
True
False
Owners of a corparation are called "Share holders"
True
False
You need to obtain special licensees and permits to start the business
True
False
There is no double taxation
True
False
What's the name of the laid out operating rules of the comany
Bylaws
Rules of incorporation
Rules of corporation
None of the above
How large are corporations
Nation-wide
State-wide
Global
All of the above
{"name":"Corporation", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Test your knowledge of corporations with our engaging quiz! Whether you're a business student, entrepreneur, or just curious about corporate structures, this quiz is tailor-made for you!16 insightful questionsMultiple choice and checkbox formatsLearn about corporate definitions, advantages, and disadvantages","img":"https:/images/course1.png"}
More Quizzes
Chap 17
15819
Private Company Ownership Quiz
7419
#MoneyFridays
10521
Business Fundamentals Quiz
15847
Concept of Entrepreneurship
15814
Questions on the business environments and business operations
14712
10/28 E7LS Quiz#1: Companies
7441
Manila Cordage Company 2021 Quiz
1058
Cash Credit
5230
Mergers & Takeovers
8413
Why Teach Financial Literacy? Session 3 Quiz
10516
Gain or Lose
12612