Business Organizations
Authored by Roger Keith
Social Studies
9th - 12th Grade
Used 37+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A __________ is business owned and run by a single individual.
Proprietorship
Partnership
Corporation
Franchise
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A __________ is a business that is jointly owned by two or more persons.
Proprietorship
Partnership
Corporation
Franchise
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A __________ is a form of business organization recognized by law as a separate legal entity with all the rights of an individual.
Proprietorship
Partnership
Corporation
Franchise
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A __________ is a semi-independent business that pays fees to a parent company.
Proprietorship
Partnership
Corporation
Franchise
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
One advantage of a __________ is that the owner can keep the profits of successful management without having to share them with other owners
Proprietorship
Partnership
Corporation
Franchise
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The main disadvantage of a __________ is that the owner of the business has unlimited liability.
Proprietorship
Partnership
Corporation
Franchise
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
One advantage of a __________ is the lack of special taxes.
Proprietorship
Partnership
Corporation
Franchise
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