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Small Business Flashcard

Small Business Flashcard

Assessment

Flashcard

Business

10th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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28 questions

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1.

FLASHCARD QUESTION

Front

What is the primary objective of small business owners?

Back

To generate profits

2.

FLASHCARD QUESTION

Front

What is a franchise fee?

Back

A fee for licensing operations, products, or services

3.

FLASHCARD QUESTION

Front

What is a requirement for S Corporation shareholders?

Back

Must be a U.S. citizen or resident.

4.

FLASHCARD QUESTION

Front

What is a feature of a Non-Profit Corporation?

Back

Profits are not distributed to shareholders.

5.

FLASHCARD QUESTION

Front

Who is the highest-ranked employee in a company?

Back

Chief Executive Officer (CEO)

6.

FLASHCARD QUESTION

Front

To whom does the CEO report?

Back

Board of Directors

7.

FLASHCARD QUESTION

Front

Who is responsible for managing a company's finances?

Back

Chief Financial Officer (CFO)

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