Econ - Types of businesses

Econ - Types of businesses

12th Grade

22 Qs

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Econ - Types of businesses

Econ - Types of businesses

Assessment

Quiz

Business, Other

12th Grade

Practice Problem

Medium

Created by

Shelton Brown

Used 34+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Sole Proprietorship?

A business where 2 or more people share ownership

A business owned by shareholders

A business that is owned by one individual

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an advantage of sole proprietorship?

Owner has complete control

Owner gets all the stress

Cannot raise capital

All the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Partnership requires at least three people

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business owned by shareholders is

Partnership

Sole proprietorship

Corporation

Franchise

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Marco's computer repair business has limited financial resources. What type of business is it?

Sole Proprietorship

Partnership

Corporation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When Luigi's Pizzeria went out of business, he was still responsible for paying all of the restaurant's bills. What type of business did he have?

Sole Proprietorship

Partnership

Corporation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Louise and Susan are meeting to plan a new advertising campaign for the town newspaper they own. What type of business do they have?

Sole Proprietorship

Partnership

Corporation

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