12/11/2019 Quiz 004: Attempt review

Dashboard / My courses / BL-MGTA-6336-LEC-1923T / Week 6: Business Ownership / Quiz 004

Started on Wednesday, 11 December 2019, 1:16 AM

State Finished
Completed on Wednesday, 11 December 2019, 1:24 AM
Time taken 7 mins 43 secs
Marks 10.00/10.00
Grade 100.00 out of 100.00

Question 1 It is not the capital but the income generated through the use of capital that matters in choosing the type of
Correct business you want to put up.
Mark 1.00 out of
1.00 Select one:
True

False 

Question 2 What principle of cooperative is described in this statement: Cooperatives are passionate in serving members
Correct and making something good for the betterment of the community.
Mark 1.00 out of
1.00 Select one:
a. Member economic participation

b. Cooperation among cooperatives

c. Concern for the community 

d. Autonomy and independence

Question 3 Which of the following does not belong to the group?

Correct

Mark 1.00 out of Select one:

1.00
a. Difficulty in dissolving the business

b. Unlimited liability

c. Limited life

d. Limited skills of entrepreneur 

Question 4 A type of cooperative whose members buy a share in the cooperative as a prerequisite to shopping in the said
Correct store.
Mark 1.00 out of
1.00 Select one:
a. Credit union

b. Service provider cooperative

c. Retail cooperative 

d. Housing cooperative

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12/11/2019 Quiz 004: Attempt review

Question 5 It is owned by stockholders.

Correct

Mark 1.00 out of Select one:

1.00
a. Corporation 

b. Cooperative

c. Partnership

d. Sole proprietorship

Question 6 Transferring of ownership is easy in corporation.

Correct

Mark 1.00 out of Select one:

1.00
True 

False

Question 7 Which of the following business ownership has a limited life?

Correct

Mark 1.00 out of Select one:

1.00
a. Sole proprietorship

b. Corporation

c. Partnership 

d. Cooperative

Question 8 Content of Certificate of Incorporation wherein total number of shares to be authorized, type of stock and its par
Correct value is indicated
Mark 1.00 out of
1.00 Select one:
a. Principal office of corporation

b. Amount of authorized capital stock 

c. Specific purpose or purposes

d. Name of corporation

Question 9 Which of the following advantages does not belong to the group?
Correct

Mark 1.00 out of Select one:

1.00
a. Direct control of making decisions

b. Requires minimal working capital for start up

c. Pooling of knowledge and skills 

d. Profits will go directly to the owner/entrepreneur

Question 10 Which of the following describes the positive side of putting up a sole proprietorship?
Correct

Mark 1.00 out of Select one:

1.00
a. Ease of transferring ownership

b. Pooling of knowledge and skills

c. Profits will go directly to the owner 

d. Main goal is to help its members

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12/11/2019 Quiz 004: Attempt review

Lesson 6 : Small Business: Organizing,

◄ Lesson 5 : Business Ownership Jump to... Directing and Controlling-Formal and
Informal Organization ►

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