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Intro to Business Ch. 6 Test

Authored by Jamie Allen

Business

9th - 12th Grade

Used 1+ times

Intro to Business Ch. 6 Test
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: As your business expands, you can change the form of ownership.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: A sole proprietorship is owned by several people.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: If you own more than half the stock of a corporation, you get to keep all the profits.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: A corporation is owned by the stockholders

True

False

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a business owned by two or more persons who share the risks and rewards?

partnership

sole proprietorship

cooperative manufacturer

retail producer

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a license to run a corporation?

shares of stock

partnership agreement

corporate charter

corporation license

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A corporation is controlled by this.

corporate license

Small Business Administration

stocks

board of directors

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