Entrepreneurship
Authored by Richard H
Professional Development, Specialty, Other
3rd Grade - University
Used 13+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Business entity that is easy to start and has a single owner.
sole proprietorship
partnership
limited liability company
corporation
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Business entity with two or more owners that share the company's profits and losses.
proprietorship
partnership
limited liability company
corporation
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Business entity that is usually owned by multiple stockholders and operates as a separate legal entity.
proprietorship
partnership
limited liability company
corporation
4.
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.
5.
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.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who organizes and runs his or her own business
President
entrepreneur
employee
entrepreneurship
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of starting a new business
apprenticeship
entrepreneurship
internship
job
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