Entrepreneurship Mid-Term Review
Authored by Jolene Smith
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KG - University
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26 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of business is owned by stockholders.
Sole proprietorship
Partnership
Corporation
Franchise
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The type of business ownership in which all business decisions are the sole responsibility of the owner.
Sole proprietorship
Partnership
Corporation
Franchise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of business organization makes it easier to secure financing because more than one person may apply for credit.
Sole proprietorship
Partnership
Corporation
Franchise
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Income is taxed twice for this form of business.
Sole proprietorship
Partnership
Corporation
Franchise
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business form with only one owner
Sole proprietorship
Partnership
Corporation
Franchise
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of ownership offers quick startup, an established business plan, recognizable trademark/brand, and a proven promotional strategy.
Sole proprietorship
Partnership
Corporation
Franchise
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Owners of this type of organization may receive dividends.
Sole proprietorship
Partnership
Corporation
Franchise
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