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OCR R064 Enterprise and Marketing: LO5

Authored by josh fleckney

Business

8th - 10th Grade

Used 899+ times

OCR R064 Enterprise and Marketing: LO5
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many people can be in a partnership?

2
2-10
2-20
Unlimited

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you have full responsibility for your business debts this is known as ...

Unlimited Liability

Limited Liability

Personal Liability

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term for money invested in a business is ...

Finance

Capital

Investment

Loan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _____ is owned and operated by one individual; an example would be a plumber.

franchise

partnership

sole propietorship

corporation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _____ is the right or license to sell a company's product or service at a designated location; an example would be McDonalds.

franchise

partnership

sold prprietorship

corporation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business is owned by stockholders who share the business's profits?

Corporation

Partnership

Cooperative

Sole Proprietorship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is limited liability an advantage to?

Shareholders
Stakeholders
Sole traders

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