Types of Business Organizations
Authored by Mz Den
Business
10th Grade
Used 11+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following are types of businesses?
Sole Proprietor/Sole Trader and Partnership
Corporation and Non-Profit
Limited Partnership and LLC
All of the above
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
A sole trader is a business organization is;
Owned and operated by an individual
Hardest business to start
The least common type of business
Also known as sole proprietor
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following are advantages of a sole trader business?
Personal wealth and asset are associated with the business
Decisions are made easily
Business continuity
Close relationship with customers
4.
FILL IN THE BLANKS QUESTION
45 sec • 1 pt
State three (3)disadvantages of a sole trader business
(a)
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are characteristics of a sole trader business? Select all that applies
Easy to set up
Complete control of the business
Profit earned is shared among owner and employees
Private Investors are involved in the business
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