ENT PRETEST: TYPES OF BUSINESS OWNERSHIP
Authored by Roshiba McCrary
Business
9th - 12th Grade
CCSS covered
Used 6+ times
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60 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Only liable for up to the amount invested into the company, and has little to no voice in management.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the most common form of business ownership?
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is a form of business ownership in which 2 or more people jointly owns a business
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
This type of business is subject to many more laws and are more difficult to form.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Owned by one individual.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is a disadvantage of franchise?
assistance from a parent company
name recognition
shared advertising expenses
must follow parent company business structure
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is NOT a type of business ownership?
partnership
sole proprietorship
entrepreneurship
franchise
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