Ownership and Management

Ownership and Management

9th - 12th Grade

30 Qs

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Ownership and Management

Ownership and Management

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

ELI RENNER

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Leaders who control the decision making process themselves are...

democratic

autocratic

open

situational

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This leadership style can be effective in situations where group members are highly qualified in an area of expertise.

Autocratic

Democratic

Open

Laissez-Faire

Hands-Off

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This leader offers guidance to the group, but also participates in the group and allows input from others.

Autocratic
Democratic
Open/Laissez-Faire
Situaltional

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of Business would a small, locally owned Barber shop be?

Corporation

Partnership

Sole proprietorship

LLC

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Dan has $5,000. He wants to invest his money in the type of business that has the least amount of liability. In which type of business should he invest?

Corporation

Partnership

Proprietorship

LLC

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business partnership has ___________ who share the risks and the profits.

One owner

Two to Three owners

Two or more owners

Five or more owners

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of sole proprietorships:

Limited capital

Control

Profit Margins

Tax liability

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