Economics Chapter 7 "Sole Proprietorship & Partnership
Authored by youmna tohamy
Social Studies
12th Grade
Used 38+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of business has only one owner?
Sole Trader
Partnership
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of business can have two or more employees?
Sole Trader
Partnership
Both
Neither
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of business has the most trouble getting financing?
Sole Trader
Partnership
Both
Neither
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of business has unlimited liability?
Sole Trader
Partnership
Both
Neither
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of business is the owner allowed to keep 100% of the profits?
Sole Trader
Partnership
Both
Neither
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of business has limited scope for expansion and might not continue upon death of the owner?
Sole Trader
Partnership
Both
Neither
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of business has a greater stability and expertise to run the business?
Sole Trader
Partnership
Both
Neither
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