BUSINESS ESSENTIALS FINAL EXAM WELL
ANSWERED TO PASS EXAMINATION TEST
2026 QUESTIONS WITH SOLUTIONS
GRADED A+
⩥ in a partnership all partners share equally in the profits unless there is
an agreement to the contrary. Answer: a. true
⩥ a sole proprietorship is a. Answer: c. form of business owned by one
person
⩥ partnership property includes. Answer: b. property contributed
directly to the partnership when the partnership is created
⩥ a sole proprietorship is the easiest form of business association to
form. Answer: a. true
⩥ a partnership by estoppel is not a real partnership. Answer: a. ture
⩥ the articles of partnership are known as the. Answer: d. partnership
agreement
, ⩥ the biggest disadvantage of a sole proprietorship is. Answer: a.
unlimited liability
⩥ a silent partner has no liability for the debts of the firm. Answer: b.
false
⩥ dissolution of a partnership brings the business to an end. Answer: b.
false
⩥ a skill that has been developed through practice. Answer: ability
⩥ a written account of qualifications including education or training and
experience. Answer: resume
⩥ options available after high school. Answer: post-secondary choices
⩥ talking with people about job opportunities. Answer: networking
⩥ people other than your supervisor with whom you work with. Answer:
coworkers
⩥ items and activities that attract your attention. Answer: interests
ANSWERED TO PASS EXAMINATION TEST
2026 QUESTIONS WITH SOLUTIONS
GRADED A+
⩥ in a partnership all partners share equally in the profits unless there is
an agreement to the contrary. Answer: a. true
⩥ a sole proprietorship is a. Answer: c. form of business owned by one
person
⩥ partnership property includes. Answer: b. property contributed
directly to the partnership when the partnership is created
⩥ a sole proprietorship is the easiest form of business association to
form. Answer: a. true
⩥ a partnership by estoppel is not a real partnership. Answer: a. ture
⩥ the articles of partnership are known as the. Answer: d. partnership
agreement
, ⩥ the biggest disadvantage of a sole proprietorship is. Answer: a.
unlimited liability
⩥ a silent partner has no liability for the debts of the firm. Answer: b.
false
⩥ dissolution of a partnership brings the business to an end. Answer: b.
false
⩥ a skill that has been developed through practice. Answer: ability
⩥ a written account of qualifications including education or training and
experience. Answer: resume
⩥ options available after high school. Answer: post-secondary choices
⩥ talking with people about job opportunities. Answer: networking
⩥ people other than your supervisor with whom you work with. Answer:
coworkers
⩥ items and activities that attract your attention. Answer: interests
