
Economics Chapter 8
Quiz
•
Social Studies
•
12th Grade
•
Hard
+2
Standards-aligned
Used 1+ times
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33 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is an example of a sole Proprietorship?
McDonald’s
Baan Thai
Jojos in house refurbishment
Nail Envy
2.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
An owner of a sole Proprietorship is personality liable for all assets
True
False
3.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
A sole proprietorship has to share their profits with a partner
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why should you cover your business with insurance?
So that there is a lower chance of accidents happening
It is required by the state
To make your customers feel safer
To prevent your business from being completely screwed if you get sued
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sole Proprietorships have a lower chance of...
Growing their capital
Being sued
personal liability
Failing in their first year
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
This type of business is owned by two or more people.
7.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Unlimited liability means?
The owner is personally liable to cover business debts and any costs the business can not cover
The owner(s) do not have to cover all business costs personally in the case of them being sued or going into debt
A corporation is not responsible for taking care of lawsuits
A sole Proprietorship will have enough money and coverage to pay any and all debts
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