FBM-4 Business Ownership & Decisions
Authored by Vonnie McClung
Business
6th - 8th Grade
Used 46+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following business types is owned by ONE person?
Sole Proprietorship
Partnership
Corporation
LLC
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following business types is owned by more than ONE person?
Sole Proprietorship
Partnership
Corporation
LLC
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following business types has the advantage of LIMITED LIABILITY?
Sole Proprietorship
Partnership
Corporation
LLC
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following business types has the disadvantage of UNLIMITED LIABILITY?
Sole Proprietorship
Partnership
Corporation
LLC
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following business types costs the MOST to setup?
Sole Proprietorship
Partnership
Corporation
LLC
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following business types is the EASIEST to setup?
Sole Proprietorship
Partnership
Corporation
LLC
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following business types experience DOUBLE TAXATION?
Sole Proprietorship
Partnership
Corporation
LLC
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