1) Which organization may be a small firm with only one owner or a large firm with many of shareholders owning the firm? a) A private company  b) An entrepreneur c) A worldwide company d) A corporation e) An association 2) How many people can run sole proprietorship? a) One  b) Three c) Five d) Ten 3) An association of two or more people in order to run a business a) A corporation b) A partnership c) A proprietorship d) A company 4) What does happen to business in partnerships if one of the partner died? a) The business continues working b) The business must be dissolved c) The business immediately closes d) The business stays as a inheritance for the next generation 5) What does happen to the creditors if the limited companies become bankrupt and their assets don’t cover the debts? a) The creditors are paid their money back during the 5 years b) The creditors are paid their money back during the nearest 2 years c) The creditors are paid their money back immediately d) The creditors don’t get their money back  6) What right do not corporations have in relation to property? a) Buy property b) Rent property c) Sell property d) Own property e) Nationalise their property 7) Who issues shares of stock which are certificates representing ownership in it? a) A private company b) An entrepreneur c) A worldwide company d) A corporation e) An association 8) Who buys, who sells shares of stock which is representing ownership in the company? a) Brokers b) Investors c) Traders d) Dealers 9) How many votes does one share have? a) One  b) Hundred c) Fifty d) Different quantity 10) What can receive shareholders if a corporation makes a profit? a) Money b) Dividend c) Stock d) Deposit 11) Who has more advantages at the market? a) Entrepreneur b) Sole proprietorship c) Partnership d) Corporation 12) What is a certificate which promises to pay the holder of it, the investor, a certain amount of money on a certain date? a) Dividend b) Bond c) Deposit d) Stock of share 13) Which of the companies has unlimited life? a) A private company b) An entrepreneur c) A worldwide company d) A corporation e) An association 14) What shouldn’t be done for setting up the corporation? a) Credits should be taken b) Charter should be issued, investors should be found c) Shares should be sold d) Manufacturing or sales should be begin 15) Who’s profits are subject to double taxation? a) Investors profits b) Shareholders profits c) Corporation’s profits  d) Entrepreneur’s profits

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