Types/Forms of Business
Authored by S. Shelton
Other
8th Grade
Used 46+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A hybrid business is one that can be classified as a combination of more than one type of business.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The three main type of businesses are:
service, manufacturing, & hybrid
service, manufacturing, & LLC's
service, manufacturing, & merchandising
manufacturing, merchandising & hybrid
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A _________________________ business combines raw materials, labor, and factory overhead into the production of products.
merchandising
manufacturing
sole proprietorship
partnership
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sole proprietorship business can be owned by more than one person.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A corporation's ownership is represented by ______________________.
corporation papers
the partners in the business
shares of stock
customers using their services
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
LLC stands for Limited Language Corporation.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A cooperative is a business owned by a grou of individuals and is opeated for their mutual benefit. The persons making up the group are called ________.
shareholders
partners
owners
members
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