Forms of Businesses 19-20

Small businesses employ the most workers in the U.S.

• True

• False

Small businesses make the most money in the US.

• True

• False

Which type of business makes the most income in the US?

• Sole proprietorship

• Partnership

• Franchise

• Corporation

Most businesses in the US are

• sole proprietorships

• partnerships

• franchises

• corporations

Has 1 person as the owner

• sole propietorship

• partnership

• cooperative

• corporation

The shareholders/stockholders are the owners

• sole propietorship

• partnership

• franchise

• corporation

In a sole proprietorship, the owner gets to keep all the profit.

• True

• False

In a sole proprietorship, the owner gets to make all of the decisions.

• True

• False

In a sole proprietorship, the owner usually has limited finances.

• True

• False

In a sole proprietorship, if business fails, owner could lose personal assets such as savings.

• True

• False