Sole Proprietorship
Business Ownership & Organizations Quiz

Quiz
•
Business
•
11th - 12th Grade
•
Medium
Jaleel Nelson
Used 73+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business owned by two or more people
Business that is important to society but lacks the profit potential to attract private investors
A business owned and managed by one person
A business owned by a group of people
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Partnership
A business owned by two or more people
Special type of corporation that is taxed as if it were a sole proprietorship or partnership. You only risk what you put into the corporation
A person or company purchases the ability to run a local business under a larger company's brand
An agreement among two or more businesses to work together to provide a good or service
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Corporation
A business owned and managed by one person
A person or company purchases the ability to run a local business under a larger company's brand
A business owned by two or more people
A business owned by a group of people
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Special type of corporation that is taxed as if it were a sole proprietorship or partnership. You only risk what you put into the corporation
Sole Proprietorship
Corporation
Limited Liability Corporation
Quasi-Public Corporation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person or company purchases the ability to run a local business under a larger company's brand
Joint Venture
Franchise
Corporation
Sole Proprietorship
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An agreement among two or more businesses to work together to provide a good or service
Joint Venture
Partnership
Franchise
Corporation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organization that does not pay taxes and does not exist to make a profit
Partnership
Corporation
Limited Liability Corporation
Non Profit Corporation
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