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Business Ownership/Registration

Authored by Kimi Davis

Business

9th - 12th Grade

Used 1+ times

Business Ownership/Registration
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20 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What is a Sole Proprietorship?

Business owned by president

Business owned by several companies

Business owned by one person

Business owned by a company

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Sole proprietorship business can be started by

at least seven persons

any one person

at least two persons

at least three persons

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Sole Proprietorship is most suitable for

Medium scale concerns

Large scale concerns

Small scale concerns

None of the above

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Sole proprietorship business owner has

Restricted Liability

No Liability

Unlimited Liability

Limited Liability

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A _______________ is a business owned jointly by two or more people. 

Partnership 
Corporation 
Limited Liability Corporation (LLC)
Sole Propirtorship

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______________is a legal term for being held accountable

Liability

Assets

Bankruptcy

Claim

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partnership in which two or more people or firms combine their resources to complete one complex project.

joint venture
silent partner
nominal partner
secret partner

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