Chapter 6 Review

Chapter 6 Review

9th - 12th Grade

10 Qs

quiz-placeholder

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Chapter 6 Review

Chapter 6 Review

Assessment

Quiz

Specialty

9th - 12th Grade

Medium

Created by

Iris HarrisWilliams

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sole proprietorship must be chartered by the state in which it is located.

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partnership is owned by two or more people who own shares of stock in the company.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goals must be set in order to perform the management activity of controlling.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Franchises can be operated only as sole proprietorships or partnerships.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The person or group who receives a franchise is called the franchisee.

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People who become part owners of a corporation are called

partners
special owners
shareholders
cooperative owners

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The part of the profits that are paid to shareholders is called

excess profit
surplus
a dividend
none of the above

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