BUS 201 CBT PRACTICE

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

2. Business format franchising primarily includes:

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

4. Joint Stock Companies are suited for:

5. Functional structure in organizations emphasizes:

6. A key feature of a partnership deed is:

7. Joint stock companies ensure:

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

9. Partnership registration:

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

11. In a general partnership:

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

13. An advantage of franchising for the franchisor is:

14. In partnerships, changes in partner roles require:

15. Franchising involves:

16. Unlimited liability discourages proprietors from:

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

18. LLCs differ from corporations in:

19. An advantage of partnerships over sole proprietorships is:

20. Modern business environments emphasize:

21. A divisional structure may result in:

22. Franchisees benefit from:

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

24. A sole proprietorship is not subject to:

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

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

27. Key responsibilities of finance managers include:

28. In a company, shareholders' liability is:

29. In a company, shareholders' liability is:

30. Unlimited liability applies to:

31. Disputes in a partnership are typically resolved using:

32. The matrix structure enhances:

33. The primary focus of marketing is:

34. Franchises often charge:

35. Joint stock companies ensure:

36. Functional structure may lead to:

37. Franchising is ideal for:

38. One major disadvantage of a sole proprietorship is:

39. Sole proprietorship is characterized by:

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

41. In a matrix structure, employees are:

42. Articles of Organization for an LLC include: