Type of Business
Authored by Basilia Oboza
Business, Life Skills, Professional Development
12th Grade
Used 67+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
This type of business is owned by one person.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Advantages of this business type are that the owner is their own boss and gets to keep all the profits.
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, owner might lack skills & unlimited liability.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is a major advantage of a business that is a partnership rather than a sole proprietorship?
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is a business owned by stockholders/investors but operated by others?
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is a business owned and operated by two or more people?
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is ONE advantage of a sole proprietorship?
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