Business Organizations and Circular Flow
Authored by Valerie Staton
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KG - University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A business that has one owner would be an example of a -
Sole Proprietorship
Partnership
Corporation
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which type of business organization can act as a legal person?
Sole Proprietorship
Partnership
Corporation
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Walmart is an example of what type of business organization?
Sole Proprietorship
Partnership
Corporation
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
People who take a risk by starting a business are called what?
President
Entrepreneur
Senator
Factory Worker
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
An entrepreneur can choose to have which type of business organization?
Sole Proprietorship
Partnership
Corporation
All of the above
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A business where owners share profits and risks is called what?
Partnership
Proprietorship
Entrepreneurship
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which category of Circular Flow provides goods and services?
Businesses
Government
Households
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