Forms of Business Organizations
Authored by Kimberly Pittman
Other
6th - 9th Grade
Used 11+ times
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45 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business owned by one person
Partnership
Sole Proprietorship
Corporation
Franchise
Non-Profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business owned by 2 or more people who share the risks and rewards
Partnership
Sole Proprietorship
Corporation
Franchise
Non-Profit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business that is registered with the state and is separate from its owners.
Partnership
Sole Proprietorship
Corporation
Franchise
Non-Profit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of business who provides a service and does not make a profit or pay taxes
Partnership
Sole Proprietorship
Corporation
Franchise
Non-Profit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the owner(s) are completely responsible for debts
Liability
Limited Liability
Unlimited Liability
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Responsible for a limited amount of business's debt, only the amount you invest
Liability
Limited Liability
Unlimited Liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The largest number or businesses in the US
Corporation
Franchise
Partnership
Sole Proprietorship
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