Econ - Types of businesses
Authored by Shelton Brown
Business, Other
12th Grade
Used 39+ times
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22 questions
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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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