1. Question :
A partnership
can only be formed to run a lawful business.
True
False
Question 2. Question :
A partner who
is unknown to the public as a partner and takes no part in the management of
the business.
Dormant partner
General Partner
Nominal partner
Secret partner
Silent partner
Trading partner
Question 3. Question :
Are all
partnership decisions made by majority vote?
Yes
No
Question 4. Question :
There are no
formalities to existing and operating as a sole proprietorship.
True
False
Question 5. Question :
The purpose
of Fictitious Name tration Statutes is to collect tax.
True
False
Question 6. Question :
A partner who
takes no active part in the management of the business, but might be known to
the public as a partner.
Dormant partner
General Partner
Nominal partner
Secret partner
Silent partner
Trading partner
