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Web Quizzes
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1
The leaders of the organization need not always consider themselves role models for their employees.
A)True
B)False
2
In an S corporation capital gains or losses from the corporation are treated as personal income or losses.
A)True
B)False
3
The most attractive type of business formation for raising capital is partnership.
A)True
B)False
4
A sole proprietorship is dissolved in the event of the owner's death.
A)True
B)False
5
The proprietor is not personally liable for any aspects of the business.
A)True
B)False
6
The board of advisors:
A)is subject to regulations stipulated in the Sarbanes-Oxley Act.
B)has no legal status.
C)is not advisable in a family-owned business.
D)is likely to meet more frequently.
7
In a(n) ______________________, only one class of stock is permitted.
A)sole proprietorship
B)C corporation
C)S corporation
D)partnership
8
________________ distribute profits to owners through dividends.
A)Sole proprietorship
B)General partnerships
C)Limited partnerships
D)Corporations
9
In a ______________, bonds can be used to raise capital.
A)corporation
B)limited partnership
C)general partnership
D)sole proprietorship
10
The least expensive form of ownership to start is a:
A)corporation.
B)limited liability company.
C)partnership.
D)sole proprietorship.







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