Ownership

Ownership

5th - 10th Grade

18 Qs

quiz-placeholder

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Ownership

Ownership

Assessment

Quiz

Business

5th - 10th Grade

Medium

Created by

Christina Mitchell

Used 1+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Only liable for up to the amount invested into the company, and has little to no voice in management.

General Partner
Proprietor
Limited Partner
Corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most common form of business ownership?

Corporation
Company
Sole Proprietorship
LLC

3.

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 Proprietorship
Company
Partnerships

4.

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of corporation combines the benefits of a partnership and a corporation?

Limited Liability Company
Trust
Company

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of business is subject to many more laws and are more difficult to form.

Proprietorship
Partnership
Corporation
Franchise

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an advantage of a partnership?

Unlimited Liability
Arguments
Shared responsibility
Less investors

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