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Forms of Indian Business Organizations Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Regarding a sole trader/proprietorship, it is _____ to close down the business.

Question 2 2. Why is limited capital a drawback to running a sole trader business?

Question 3 3. Which of the following would be an appropriate sole trader business?

Question 4 4. In a sole trader business, what is meant by unlimited liability?

Question 5 5. Which of the following is NOT an advantage of a sole trader operation?

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Question 6 6. Which of the following structures puts liability FULLY on the owner(s)?

Question 7 7. Which of the following allows the transfer of shares of stock?

Question 8 8. In a Public Limited Company, who is responsible for paying debts owed to creditors?

Question 9 9. How many members are needed to start a public company?

Question 10 10. Which of the following business types allows a maximum of 200 members/owners?

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Question 11 11. Global strategy is used to _____.

Question 12 12. Which of the following is NOT a reason to use global strategy?

Question 13 13. In what type of company is the product or service primarily made in the home country?

Question 14 14. This type of company operates in few countries and/or may use goods and services from selected countries.

Question 15 15. Global strategy could be used for which one of the following:

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Question 16 16. Members of a cooperative society business structure in India put _____ over profits.

Question 17 17. If you own shares in a business, you are part of this type of business structure.

Question 18 18. As the eldest member of your family's Hindu undivided family business, you assume this role:

Question 19 19. In India, a business venture among relatives is known as what type of structure?

Question 20 20. How does a partnership business structure differ from a sole proprietorship?

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Question 21 21. How do cooperative organizations select their leadership?

Question 22 22. Which of these is a disadvantage of participating in a cooperative organization?

Question 23 23. How does a cooperative differ from most other forms of business?

Question 24 24. How does a cooperative organization keep its prices low for members?

Question 25 25. It's time to take a vote about an important matter in your cooperative organization. How many votes do you have?

Forms of Indian Business Organizations Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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