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Teams
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15
×
An LLC provides ________ liability protection to its owners.
personal
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Check
Okay!
Check
15
×
A sole proprietorship is owned and operated by ________ person.
one
Oops!
Check
Okay!
Check
15
×
Limited Liability Companies combine features of corporations and ________.
partnerships
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Check
Okay!
Check
×
thief
Give points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
×
gift
Win 25 points!
Okay!
×
banana
Go to last place!
Oops!
15
×
Double taxation occurs in ________ when profits are taxed at both corporate and personal levels.
corporations
Oops!
Check
Okay!
Check
15
×
One challenge for partnerships is resolving ________ among partners.
disagreements
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Check
Okay!
Check
15
×
Nonprofits focus on a ________ rather than earning profits.
mission
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15
×
Nonprofits are often eligible for grants and ________ to help fund their operations.
donations
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Check
15
×
In a partnership, the ________ share profits, responsibilities, and liabilities.
owners
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Okay!
Check
15
×
Nonprofits are exempt from many ________ because of their focus on public service.
taxes
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Check
Okay!
Check
15
×
Retained earnings in a corporation can be ________ back into the business before being taxed.
reinvested
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Check
Okay!
Check
×
baam
Lose 15 points!
Oops!
×
seesaw
Swap points!
Okay!
×
rocket
Go to first place!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
Liabilities in business refer to ________ or legal obligations owed by the company.
debts
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Check
Okay!
Check
15
×
A major drawback of a partnership is ________ liability for debts.
joint
Oops!
Check
Okay!
Check
×
seesaw
Swap points!
Oops!
×
magnet
Take 15 points!
Okay!
×
rocket
Go to first place!
Okay!
×
banana
Go to last place!
Oops!
15
×
Franchisees must pay ongoing ________ and royalties to the franchisor.
fees
Oops!
Check
Okay!
Check
×
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