
Business Organizations
Authored by Grace Black
Social Studies, Special Education
10th - 12th Grade
Used 2+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is an advantage of a sole proprietorship?
It is the least-regulated form of business organization
It is an easy way to make a lot of money
It is easy to get financing to start one
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If a general partnership fails, who is responsible for the debts?
Anyone who works for the partnership
All of the partners
Only the most senior general partner
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A joining of two or more businesses that are involved in different stages of producing the same good or service is called a __________________?
vertical merger
cooperative
horizontal merger
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are royalties?
a percentage of earnings paid for a franchise
fees paid to celebrities for using their names
a percentage of profits paid to the government
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a disadvantage of a sole proprietorship?
personal liability
legal constraints
difficult to start up
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is collective bargaining?
an organization of workers representing several different occupations
negotiations of wages and other conditions of employment by an organization
a situation in which the rights of labor have been set aside
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
How are wages for a particular job determined? (Mark all correct)
by the equilibrium between the supply and demand for workers for that job
by the amount of inflation in the economy
by the Federal Wage and Hour department
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