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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is a sole proprietorship?
💡 Hint: Think about the simplest form of business ownership.
Question 2
Easy
What does liability mean in business?
💡 Hint: Consider what happens to personal assets.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the primary reason larger businesses opt for company structure?
- Ease of formation
- Limit liability
- Total control
💡 Hint: Think about the risks associated with business ownership.
Question 2
True or False: Sole proprietorships can provide continuity after the owner's death.
- True
- False
💡 Hint: Consider what happens to the business ownership with personal events.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A group of students wants to start a business. They consider three forms: sole proprietorship, partnership, and corporation. Analyze the pros and cons of each, focusing on capital requirements, liability, and continuity.
💡 Hint: Create a comparison chart to visualize the differences.
Question 2
Discuss a scenario where a company must decide between remaining a corporation or merging into a larger entity, considering capital, control, and continuity.
💡 Hint: Focus on the long-term implications for stakeholders.
Challenge and get performance evaluation