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Forms of Business

Authored by Paula Austin

Business

10th - 12th Grade

Used 15+ times

Forms of Business
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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.

Sole proprietorship
Partnership
Corporation
Franchise

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

Sole proprietorship
Partnership
Corporation
Franchise

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.

Sole proprietorship
Partnership
Corporation
Franchise

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.

Sole proprietorship
Partnership
Corporation
Franchise

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