Business Ownership & Organizations Quiz

Business Ownership & Organizations Quiz

11th - 12th Grade

20 Qs

quiz-placeholder

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Business Ownership & Organizations Quiz

Business Ownership & Organizations Quiz

Assessment

Quiz

Business

11th - 12th Grade

Medium

Created by

Jaleel Nelson

Used 73+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sole Proprietorship

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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