BUS 201 CBT PRACTICE

1. Functional structure in organizations emphasizes:

2. Franchising is ideal for:

3. The dissolution of an LLC may occur due to:

4. The life of a sole proprietorship is dependent on:

5. Unlimited liability applies to:

6. Articles of Organization for an LLC include:

7. A key feature of a partnership deed is:

8. A characteristic of the business format franchise model is:

9. A divisional structure may result in:

10. The scope of growth in a joint stock company is:

11. The primary focus of marketing is:

12. Business format franchising primarily includes:

13. A major advantage of a Limited Liability Company (LLC) is:

14. An advantage of partnerships over sole proprietorships is:

15. In a company, shareholders' liability is:

16. An advantage of franchising for the franchisor is:

17. Functional structure may lead to:

18. Disputes in a partnership are typically resolved using:

19. Partnership registration:

20. In a general partnership:

21. In a matrix structure, employees are:

22. In a company, shareholders' liability is:

23. Key responsibilities of finance managers include:

24. Sole proprietorship is characterized by:

25. Franchisees benefit from:

26. Joint Stock Companies are suited for:

27. LLCs differ from corporations in:

28. A registered agent in an LLC is responsible for:

29. The relationship between functions and structure in an organization is:

30. Which is true about partnerships in the absence of a written agreement?

31. Joint stock companies ensure:

32. Unlimited liability discourages proprietors from:

33. A sole proprietorship is not subject to:

34. Franchises often charge:

35. Modern business environments emphasize:

36. One major disadvantage of a sole proprietorship is:

37. Franchising involves:

38. In partnerships, changes in partner roles require:

39. The matrix structure enhances:

40. Business operations converting resources into services are overseen by:

41. Joint stock companies ensure:

42. Maximum number of partners in a non-banking partnership is: