12c Business Structures

Quiz
•
Other
•
7th - 8th Grade
•
Medium
Carrie O'Hanlon
Used 92+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
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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