Chapter 5 - Business Organization

Chapter 5 - Business Organization

9th - 12th Grade

20 Qs

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Chapter 5 - Business Organization

Chapter 5 - Business Organization

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Gary Ford

Used 4+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The largest number of US businesses employ

more than 100 people

between 50 and 100 people

between 10 and 20 people

no employees other than the owner

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not one of the common activities of all businesses?

producing goods and services

employing and training personnel

marketing goods and services

maintaining business records

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A retailer is an example of a(n)

extractor

producer

intermediary

service business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The form of ownership that gives one person sole control of all business decisions is the

proprietorship

partnership

corporation

franchise

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or false: All investors in a general partnership have full liability for the debts of the business

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The people who make the major policy and financial decisions in a corporation are the

investors

board of directors

managers

owners

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A special form of business organization that combines advantages of a corporation and a partnership is a

franchise

nonprofit corporation

cooperative

limited liability company

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