2.3 Legal Forms of Business Ownership
Authored by Chona Gentapanan
Business
9th Grade
CCSS covered
Used 9+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most common form of business ownership?
Corporation
Company
Sole Proprietorship
LLC
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a form of business ownership in which 2 or more people jointly owns a business
Sole Proprietorship
Company
Partnerships
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the name of a person who owns part of a corporation?
Stakeholder
Shareholder
Trust Agent
Chairman
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of business is subject to many more laws and are more difficult to form.
Proprietorship
Partnership
Corporation
Franchise
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The major policy and financial decision makers of a corporation are determined by the...
CEO/GM/President
Chairman of the Board
Shareholders
Board of Directors
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Owned by one individual.
Proprietorship
Partnership
Corporation
None of the above
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Owned by two or more individuals.
Proprietorship
Partnership
Corporation
None of the above
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