12c Business Structures

12c Business Structures

7th - 8th Grade

10 Qs

quiz-placeholder

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12c Business Structures

12c Business Structures

Assessment

Quiz

Other

7th - 8th Grade

Medium

Created by

Carrie O'Hanlon

Used 92+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

Select the business characteristics of the business shown

Establish business in any way

Owners share risk

Liability limited to investment

Owners share profits

In search of profits

2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

How many owners does a proprietorship have?

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is true about a corporation?

There are two owners

Corporations are looking to make a profit

Owner liability is limited to their investment

Corporations create new products

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Coca-Cola must its profits with shareholders.


What type of business organization is being described?

Proprietorship

Corporation

Partnership

Entrepreneur

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tim is a baker who owns his own business, pays all the bills, and gets to keep all of the profits.


What type of business organization is being described?

Proprietorship

Corporation

Partnership

Entrepreneur

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Margie and Seth decide to open a landscaping business together. These two owners will share the risks and the profits.


What type of business organization is being described?

Proprietorship

Corporation

Partnership

Entrepreneur

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business is authorized to act as a legal entity, regardless of the number of owners?

Proprietorship

Corporation

Partnership

Entrepreneur

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