Business Ownership & Registration - Types of Business Ownership
Flashcard
•
Other
•
9th Grade
•
Hard
Wayground Content
FREE Resource
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5 questions
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1.
FLASHCARD QUESTION
Front
Which of the following is NOT a type of business ownership? Partnership, Sole proprietorship, Entrepreneurship, Franchise
Back
Entrepreneurship
2.
FLASHCARD QUESTION
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
3.
FLASHCARD QUESTION
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
4.
FLASHCARD QUESTION
Front
Which of the following is a type of business which operates as a separate legal entity? Corporation, Franchise, Partnership, Sole partnership
Back
Corporation
5.
FLASHCARD QUESTION
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
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