Wyatt CE 12ab Quiz Review

Finn has 3,000. He wants to invest his money in a business that has the least amount of risk. Which should he invest?

• coropration

• partnership

• proprietorship

• entrepreneurship

In a proprietorship profits are kept by -

• one person

• two people

• the government

• a group of people

Which is an example of a proprietorship-

• Alexandria owning a candy store. She is responsible for the debts

• Vilma and Casey owning a bookstore

• Jayla & Jasmine owning a cell phone kiosk

• Damon owns stock in Nike. She gets a portion of the profits

How many basic ways are there that businesses organize to earn profits?

• One
• Two
• Three
• Four

What is a form of business organization with one owner who takes all the risks and all the profits?

• Proprietorship
• Partnership
• Corporation
• Business

What is a form of business organization with two or more owners who share the risks and the profits?

• Proprietorship
• Partnership
• Corporation
• Business

What is a form of business organization that is authorized by law to act as a legal entity regardless of the number of owners. Owners share the profits.

• Proprietorship
• Partnership
• Corporation
• Business

What kind of business is BEST described by these statements?
I am the only owner of my business. 
I take all the risks of doing business. 
I keep all the profits. 

• proprietorship
• corporation
• partnership
• cooperative

A form of business organization that is authorized to act as a legal entity regardless of the number of owners. 

• corporation 
• proprietorship
• partnership
• distributor

Which is NOT a part of the economic flow of the United States economy?

• Resources
• Strength
• Goods and services
• Money