
Business Organizations
Quiz
•
Social Studies
•
10th Grade
•
Medium
Kameke Payne
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sole proprietor is a business owned and managed by
a company
A single individual
Team of individuals
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is not an advantage of a sole proprietor?
Difficult to obtain a license and start
Few regulations
Owner can keep all profits
Owner has full control of the business
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A legal obligation to pay debts
fringe benefits
zoning laws
liability
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What are 2 disadvantages of a sole proprietor?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business organization owned by two or more persons who agree on a specific division of responsibilities and profits.
General Partnership
partnership
sole proprietor
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is an advantage of a partnership?
Unlimited Liability
potential for conflict
Ease of Start up
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which is an advantage of a franchise?
Management training and support
Strict operating standards
purchasing restrictions
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