Business Essentials Final Exam Questions

Business Essentials Final Exam Questions and Correct Answers. 2024 a person who goes into business as a sole proprietor must operate under

• either his or her name or a fictitious name

in a partnership all partners share equally in the profits unless there is an agreement to the contrary

• true

a sole proprietorship is a

• form of business owned by one person

partnership property includes

• property contributed directly to the partnership when the partnership is created

a sole proprietorship is the easiest form of business association to form

• true

a partnership by estoppel is not a real partnership

• ture

the articles of partnership are known as the

• partnership agreement

the biggest disadvantage of a sole proprietorship is

• unlimited liability

a silent partner has no liability for the debts of the firm

• false

dissolution of a partnership brings the business to an end

• false

a skill that has been developed through practice ability a written account of qualifications including education or training and experience resume options available after high school post-secondary choices talking with people about job opportunities networking people other than your supervisor with whom you work with coworkers items and activities that attract your attention interests the amount of money an employee is paid salary using computers cell phones and other electronic devices technology coming up with specific measurable and time targeted objectives goal setting a person who completes a task without being asked initiative

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