Types of BUSINESSES

Types of BUSINESSES

By World Jr.High

Multiple Choice

What is a Sole Proprietorship?

• Business owned by president

• Business owned by one person

• Business owned by several companies

• Business owned by a company

Multiple Choice

Sole proprietor means _________

• SINGLE OWNER

• PARTNER

Open Ended

Write an example of a sole proprietor in your city.

Multiple Choice

What form of business ownership is subject to the least taxation and government regulation?

• Sole Proprietorship

• Limited Partnership

• Family owned business

• Corporation

Multiple Select

Advantages of a sole proprietor are: choose 2

• Limited liability

• The owner takes all the profit

• The owner makes all the decisions

• Can raise substantial capital

Multiple Choice

A business with one owner is known as a:

• Corporation

• Partnership

• Sole Proprietor

• Company

Multiple Choice

Which form of ownership doesn't have limited liability?

• Closed corporation

• Private company

• Public company

• Partnership

Multiple Choice

Which of the following is an advantage of a partnership?

• Unlimited Liability

• Arguments

• Shared responsibility

• Less investors