Business Ownership

Business Ownership

1st - 12th Grade

20 Qs

quiz-placeholder

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Business Ownership

Business Ownership

Assessment

Quiz

Business

1st - 12th Grade

Medium

Created by

D H

Used 127+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a form of business ownership in which 2 or more people jointly owns a business

Sole Trader

Company

Partnership

Shareholder

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name of a person who owns part of a corporation?
Stakeholder
Shareholder
Trust Agent
Chairman

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an advantage of a partnership?
Unlimited Liability
Arguments
Shared responsibility
Less investors

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by 'limited liability'?

Your personal possessions can be taken

You only lose the money you put into the business

You get a part of a business

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most common form of business ownership?

Corporation

Company

Sole Trader

LLC

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The major policy and financial decision makers of a corporation are determined by the...
CEO/GM/President
Chairman of the Board
Shareholders
Board of Directors

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owned by one individual.

Sole Trader

Partnership

Corporation

None of the above

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