Chapter 7: Types of Business Ownership

Chapter 7: Types of Business Ownership

9th - 12th Grade

20 Qs

Student preview

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Chapter 7: Types of Business Ownership

Chapter 7: Types of Business Ownership

Assessment

Quiz

Created by

Brian Carter

Business

9th - 12th Grade

3 plays

Medium

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This type of business is owned by one person.
Partnership
Sole Proprietorship
Corporation
Franchise

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This type of business is owned by two or more people.
Sole Proprietorship
Partnership
Corporation
Franchise

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This type of business is owned by many people called stockholders.
Sole Proprietorship
Partnership
Corporation
Franchise

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This type of business is a contractual agreement with a parent company to sell its products/services in an area.
Sole Proprietorship
Partnership
Corporation
Franchise

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Nike, Google and Apple are examples of.....
Sole Proprietorships
Partnerships
Corporations
Franchises

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Advantages of this business type are that the owner is their own boss and gets to keep all the profits.
Partnership
Sole Proprietorship
Corporation
Franchise

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, owner might lack skills & unlimited liability.
Sole Proprietorship
Partnership
Corporation
Franchise

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