BUS 201 CBT PRACTICE

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

2. In a company, shareholders' liability is:

3. An advantage of franchising for the franchisor is:

4. Unlimited liability discourages proprietors from:

5. Franchises often charge:

6. Articles of Organization for an LLC include:

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

8. Joint stock companies ensure:

9. Joint Stock Companies are suited for:

10. In a matrix structure, employees are:

11. In a general partnership:

12. One major disadvantage of a sole proprietorship is:

13. Joint stock companies ensure:

14. A key feature of a partnership deed is:

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

16. Partnership registration:

17. Disputes in a partnership are typically resolved using:

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

19. Franchisees benefit from:

20. Functional structure may lead to:

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

22. Franchising involves:

23. Sole proprietorship is characterized by:

24. LLCs differ from corporations in:

25. Modern business environments emphasize:

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

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

28. An advantage of partnerships over sole proprietorships is:

29. The primary focus of marketing is:

30. Key responsibilities of finance managers include:

31. Business format franchising primarily includes:

32. The matrix structure enhances:

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

34. In a company, shareholders' liability is:

35. Unlimited liability applies to:

36. Franchising is ideal for:

37. A sole proprietorship is not subject to:

38. In partnerships, changes in partner roles require:

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

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

41. A divisional structure may result in:

42. Functional structure in organizations emphasizes: