BUS 201 CBT PRACTICE

1. A divisional structure may result in:

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

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

4. Franchises often charge:

5. Joint stock companies ensure:

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

7. One major disadvantage of a sole proprietorship is:

8. In a company, shareholders' liability is:

9. The matrix structure enhances:

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

11. In a matrix structure, employees are:

12. Modern business environments emphasize:

13. An advantage of partnerships over sole proprietorships is:

14. The primary focus of marketing is:

15. Franchisees benefit from:

16. In partnerships, changes in partner roles require:

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

18. Joint Stock Companies are suited for:

19. LLCs differ from corporations in:

20. Disputes in a partnership are typically resolved using:

21. A sole proprietorship is not subject to:

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

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

24. In a general partnership:

25. Articles of Organization for an LLC include:

26. Functional structure may lead to:

27. Joint stock companies ensure:

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

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

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

31. Unlimited liability applies to:

32. Franchising is ideal for:

33. An advantage of franchising for the franchisor is:

34. Unlimited liability discourages proprietors from:

35. Partnership registration:

36. Functional structure in organizations emphasizes:

37. In a company, shareholders' liability is:

38. A key feature of a partnership deed is:

39. Sole proprietorship is characterized by:

40. Key responsibilities of finance managers include:

41. Franchising involves:

42. Business format franchising primarily includes: