
Bearcat Business Organizations
Authored by Jodie Sprenkle
Social Studies
12th Grade
Used 26+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sara’s Hair Palace is a small, locally owned beauty salon in Bainbridge. This represents what type of business?
corporation
partnership
sole proprietorship
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Susie is starting her own online shoe store. What economic term would best describe Susie and what does that term mean?
Consumer – a person who uses or consumes goods
Partnership – partner in the lemonade stand
Entrepreneur- - person who takes a risk to start a new company
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Dan has $5,000. He wants to invest his money in the type of business that has the least amount of liability. In which type of business should he invest?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business partnership has ___________ who share the risks and the profits.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which of the following would one person be responsible for all of the risks, unlimited liability, but also receive all of the profits and work for themselves?
Corporation
Propreitership
Partnership
Dual owner business
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an advantage of sole proprietorships:
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a disadvantage of sole proprietorships:
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