
Forms of Business
Authored by Paula Austin
Business
10th - 12th Grade
Used 15+ times

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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Owners of this type of organization may receive dividends.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Income is taxed twice for this form of business.
Sole proprietorship
Partnership
Corporation
None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of business ownership is often entered into by people with complementary skills
Sole proprietorship
Partnership
Corporation
All the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business form with only one owner
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The life of this business form is NOT limited to the time that the owner/owners are able to operate the business.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The type of business ownership in which all business decisions are the sole responsibility of the owner.
Sole proprietorship
Partnership
Corporation
Franchise
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of business is owned by stockholders.
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