Chapter 33 Review
Flashcard
•
Life Skills
•
9th - 12th Grade
•
Practice Problem
•
Hard
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18 questions
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1.
FLASHCARD QUESTION
Front
Two-thirds of all businesses fail within the first two or three years of operation.
Back
True
2.
FLASHCARD QUESTION
Front
Jason goes to high school and needs to earn extra money on the weekends, so he started an auto-detail service. He is an entrepreneur.
Back
True
3.
FLASHCARD QUESTION
Front
A foreign corporation is a business organization that has incorporated in a country other than the one in which it does business.
Back
False
4.
FLASHCARD QUESTION
Front
A person who purchases a franchise does not control how the business will be advertised and managed.
Back
True
5.
FLASHCARD QUESTION
Front
Strong organizational skills and a spirit of adventure are two of the personal characteristics of entrepreneurs like Henry Ford.
Back
True
6.
FLASHCARD QUESTION
Front
Which of the following is NOT one of the forms of business organization?
sole proprietorship,
corporation,
limited liability,
franchise
Back
franchise
7.
FLASHCARD QUESTION
Front
What form of business ownership is subject to the least taxation and government regulation? Options: sole proprietorship, family-owned business, limited partnership, Subchapter S corporation
Back
sole proprietorship
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