
Ch. 10 BM Test
Quiz
•
Other
•
9th - 12th Grade
•
Easy
Natalie Furfaro
Used 3+ times
FREE Resource
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40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
New businesses almost always fail for purely financial reasons.
False
True
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business plan helps entrepreneurs see the risks and responsibilities involved in starting a business.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financing the business is one of the responsibilities of the business owner.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most common form of business ownership is the partnership.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business with a balance sheet showing assets valued at $100,000 and capital valued at $100,000 is in a weak financial position.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A partnership could be owned by as many as ten or more partners.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Corporations usually have a tax advantage over partnerships.
True
False
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