Business Ownership Review
Authored by Matthew Montiel
Other
9th - 12th Grade
Used 5+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Physical location of the business is a factor which should influence the type of ownership chosen.
True
False
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A _________ forms boards to act as governing bodies. It is the most complicated form of business.
Franchise
Partnership
Sole Proprietorship
Corporation
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A _________ is owned and operated by one individual; an example would be a self-employed plumber
Franchise
Partnership
Sole Proprietorship
Corporation
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A _________ is the right or license to sell a company’s product or service at a designated location; an example would be McDonalds®.
Franchise
Partnership
Sole Proprietorship
Corporation
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A _________ is a legal agreement between two or more people, and is the least common form of business
Franchise
Partnership
Sole Proprietorship
Corporation
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is NOT a financing option suggested in the presentation?
Investors
Loans
Sale of assets
Small Business Administration
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Angel investors are wealthy individuals who seek high returns through private investments.
True
False
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