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Entrepreneurship

Authored by Todd Bonny

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KG - University

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Entrepreneurship
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business owned by one person is called a(n):

Club
Corporation
Partnership
Sole Proprietorship

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does limited liability mean?

A business can only borrow a limited amount of money from a bank.
The business has a limited number of partners.
If the business fails, the onwers may lose the money they invested but none of their personal possessions. 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Corporations sell pieces of their business in exchange for money. These pieces of the business are called:

Slices
Stock
Loans
Partnerships

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business owned by two or more people is called a

sole proprietorship
corporation
partnership
conglomerate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business owned by people who have bought shares in it is called a

corporation
multinational
partnership
sole proprietorship

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a franchise?

The right to vote
A new business started from scratch by an entrepreneur.
A book or movie series.
A contract allowing an entrepreneur to open a location of an established business.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the governing body of a corporation called?

Board of Directors
Board of Governors
Stockholders

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