BUS 201 CBT PRACTICE

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

2. In a general partnership:

3. Business format franchising primarily includes:

4. Functional structure in organizations emphasizes:

5. Franchising involves:

6. Joint stock companies ensure:

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

8. Unlimited liability discourages proprietors from:

9. Joint Stock Companies are suited for:

10. A key feature of a partnership deed is:

11. A divisional structure may result in:

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

13. Franchisees benefit from:

14. The primary focus of marketing is:

15. Articles of Organization for an LLC include:

16. Functional structure may lead to:

17. An advantage of partnerships over sole proprietorships is:

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

19. One major disadvantage of a sole proprietorship is:

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

21. Modern business environments emphasize:

22. Unlimited liability applies to:

23. In a company, shareholders' liability is:

24. Joint stock companies ensure:

25. Partnership registration:

26. LLCs differ from corporations in:

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

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

29. Franchising is ideal for:

30. A sole proprietorship is not subject to:

31. The matrix structure enhances:

32. Franchises often charge:

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

34. In partnerships, changes in partner roles require:

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

36. Sole proprietorship is characterized by:

37. Disputes in a partnership are typically resolved using:

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

39. In a matrix structure, employees are:

40. An advantage of franchising for the franchisor is:

41. Key responsibilities of finance managers include:

42. In a company, shareholders' liability is: