
Business Types Flashcard
Flashcard
•
Business
•
9th Grade
•
Practice Problem
•
Hard
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15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a characteristic of a General Partnership?
Back
Two or more owners sharing equal liabilities and profits
2.
FLASHCARD QUESTION
Front
Which business type operates under a parent company's guidelines?
Back
Franchise
3.
FLASHCARD QUESTION
Front
What does LLC stand for?
Back
Limited Liability Company
4.
FLASHCARD QUESTION
Front
Which business type is owned by shareholders? Options: Sole Proprietorship, Corporation, Franchise, LLC
Back
Corporation
5.
FLASHCARD QUESTION
Front
What is an example of a business operating under a parent company's guidelines? Options: Sole Proprietorship, General Partnership, Franchise, LLC
Back
Franchise
6.
FLASHCARD QUESTION
Front
Which business type has two or more owners but does not share the same liabilities and profits equally? Options: General Partnership, Limited Partnership, Corporation, Sole Proprietorship
Back
Limited Partnership
7.
FLASHCARD QUESTION
Front
Which item is a liability? Land, Buildings, Vehicle Loan, Gold
Back
Vehicle Loan
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