Business Ownership

Business Ownership

6th - 8th Grade

20 Qs

quiz-placeholder

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Business Ownership

Business Ownership

Assessment

Quiz

Business

6th - 8th Grade

Practice Problem

Medium

Created by

Teresa Parsons

Used 4+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A benefit of this form of business is that it is easier to raise capital and it is taxed at a lower rate.

LLC: limited liability company

sole propietorship

corporation

partnership

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On-going % of revenue is called this.

royalty fees

franchise fee

advertising fee

dividend

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A benefit of this form of business is that the product and processes have already been done and you get training and support.

sole proprietorship

franchise

partnership

corporation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person or organization purchasing a franchise.

stockholder

corporation

franchisor

franchisee

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person or organization granting a franchise.

stockholder

corporation

franchisor

franchisee

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A con of this form of business is that it costs more to start and maintain and is subject to more paperwork and regulation.

franchise

corporation

sole proprietorship

partnership

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who bears the economic uncertainties and risks of starting and running a new business to generate profit and economic value.

stockholder

entrepreneur

CEO

worker

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