ENT U3 Entrepreneurship and the Economy Test

ENT U3 Entrepreneurship and the Economy Test

Assessment

Flashcard

Other

10th Grade

Easy

Created by

Wayground Content

Used 1+ times

FREE Resource

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60 questions

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1.

FLASHCARD QUESTION

Front

What is a Sole Proprietorship?

Back

A business owned and operated by one individual.

2.

FLASHCARD QUESTION

Front

What is a Partnership?

Back

A business owned by two or more individuals.

3.

FLASHCARD QUESTION

Front

What is a Corporation?

Back

A business that is a separate legal entity owned by shareholders.

4.

FLASHCARD QUESTION

Front

What is an S-Corporation?

Back

A corporation that is taxed as a partnership.

5.

FLASHCARD QUESTION

Front

What is a Limited Liability Corporation (LLC)?

Back

A business structure that offers limited liability to its owners.

6.

FLASHCARD QUESTION

Front

What is a Franchise?

Back

A business model where individuals can buy the rights to open and operate a branch of an established company.

7.

FLASHCARD QUESTION

Front

What are Needs?

Back

Items that are essential for survival.

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