
Types of Business Structures
Authored by Renee Rose
8th Grade
15 Questions
Used 4+ times

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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
-Owned by a single owner
-No separation between owner and business
-Unlimited personal liability
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
-Two or more owners
-Unlimited Personal Liability
-No separation between owners and business
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A general partner has no decision-making authority.
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A _______________ is a business owned jointly by two or more people.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ________ is money that you are required to pay to the government.
Bills
Loans
Tax
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Barry and two associates have been operating a business that is not going well. Barry is stressed out because the company is over $200,000 in debt and he knows that if it goes out of business, he and his two associates will have to pay it out of their own pockets. It sounds like Barry and his two associates have a
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Partnerships are popular in family businesses where individuals may enter into a partnership with their spouse and children to minimize their tax burden
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