OCR R064 Enterprise and Marketing: LO5
Authored by josh fleckney
Business
8th - 10th Grade
Used 921+ times
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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.
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?
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