Business Ownership

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

• Sole Trader

• Company

• Partnership

• Shareholder

What is the name of a person who owns part of a corporation?

• Stakeholder
• Shareholder
• Trust Agent
• Chairman

Which of the following is an advantage of a partnership?

• Unlimited Liability
• Arguments
• Shared responsibility
• Less investors

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

What is the most common form of business ownership?

• Corporation

• Company

• Sole Trader

• LLC

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

Owned by one individual.

• Sole Trader

• Partnership

• Corporation

• None of the above

Name one of the reasons people become entrepreneurs.

• Feeling insecure

• They like to be the ONLY one doing everything

• They are doing what they enjoy

• None of the above

An entrepreneur can own an online business...

• False - entrepreneurs can only create business in person

• True - there are companies online as well as in person

The most difficulty type of company to start is a...

• Sole Trader

• Partnership

• Corporation