Business Ownership & Registration - Types of Business Ownership

Front

Which of the following is NOT a type of business ownership? Partnership, Sole proprietorship, Entrepreneurship, Franchise

Back

Entrepreneurship

Front

Which of the following is defined as a business which is owned and operated by one individual? Partnership, Sole proprietorship, Entrepreneurship, Franchise

Back

Sole proprietorship

Front

Which of the following is defined as a business in which partners have an unequal share and liability in the business? Sole partnership, Limited partnership, General partnership, Franchise partnership

Back

Limited partnership

Front

Which of the following is a type of business which operates as a separate legal entity? Corporation, Franchise, Partnership, Sole partnership

Back

Corporation

Front

Which of the following is a disadvantage of a franchise? Requires assistance from a parent company, Name recognition, Shared advertising expenses, Must follow the parent company’s business structure

Back

Must follow the parent company’s business structure