Business Essentials Final Exam Questions
and Correct Answers. 2024
a person who goes into business as a sole proprietor must operate under
b. either his or her name or a fictitious name
in a partnership all partners share equally in the profits unless there is an
agreement to the contrary
a. true
a sole proprietorship is a
c. form of business owned by one person
partnership property includes
b. property contributed directly to the partnership when the partnership is created
a sole proprietorship is the easiest form of business association to form
a. true
a partnership by estoppel is not a real partnership
a. ture
the articles of partnership are known as the
d. partnership agreement
the biggest disadvantage of a sole proprietorship is
a. unlimited liability
a silent partner has no liability for the debts of the firm
b. false
dissolution of a partnership brings the business to an end
b. false
a skill that has been developed through practice
ability
a written account of qualifications including education or training and experience
resume
options available after high school
post-secondary choices
talking with people about job opportunities
networking
people other than your supervisor with whom you work with
coworkers
items and activities that attract your attention
interests
the amount of money an employee is paid
salary
using computers cell phones and other electronic devices
technology
coming up with specific measurable and time targeted objectives
goal setting
a person who completes a task without being asked
initiative
and Correct Answers. 2024
a person who goes into business as a sole proprietor must operate under
b. either his or her name or a fictitious name
in a partnership all partners share equally in the profits unless there is an
agreement to the contrary
a. true
a sole proprietorship is a
c. form of business owned by one person
partnership property includes
b. property contributed directly to the partnership when the partnership is created
a sole proprietorship is the easiest form of business association to form
a. true
a partnership by estoppel is not a real partnership
a. ture
the articles of partnership are known as the
d. partnership agreement
the biggest disadvantage of a sole proprietorship is
a. unlimited liability
a silent partner has no liability for the debts of the firm
b. false
dissolution of a partnership brings the business to an end
b. false
a skill that has been developed through practice
ability
a written account of qualifications including education or training and experience
resume
options available after high school
post-secondary choices
talking with people about job opportunities
networking
people other than your supervisor with whom you work with
coworkers
items and activities that attract your attention
interests
the amount of money an employee is paid
salary
using computers cell phones and other electronic devices
technology
coming up with specific measurable and time targeted objectives
goal setting
a person who completes a task without being asked
initiative
