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Business Ownership

Other, Specialty

9th - 10th Grade

Used 261+ times

Business Ownership
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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the most common form of business ownership?

Corporation
Company
Sole Proprietorship
LLC

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a sole proprietorship, income and expenses are included on what for the owner?

Personal tax return
Corporate tax return
W-2
I-9

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one perk a sole proprietorship does not have access to?

Employer-funded health insurance
Tax Breaks
Both

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a form of business ownership in which 2 or more people jointly owns a business

Sole Proprietorship
Company
Partnerships

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the US Census Bureau, how many partnerships existed in the US in 2008?

500,000
3.1 Million
1 Million
2 Million

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a form of general partnership formed for a short period of time? 

Limited Partnership
Curtailed Partnership
Joint Venture
Timed Partnership

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business can be designated as profit or non-profit?

Corporation
Company
Sole Proprietorship
LLC

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