Types of Businesses

Types of Businesses

8th Grade

10 Qs

quiz-placeholder

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Types of Businesses

Types of Businesses

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Medium

Created by

Matthew Ajero

Used 49+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business model that allows individuals to invest in an organisation that already exists and run on their own (following regulations).

Sole Traders

Partnerships

Corporations

Cooperatives

Franchises

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An organisation is run and operated by one individual.

Sole Traders

Partnerships

Corporations

Cooperatives

Franchises

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An organisation is made up of at least 5 members who contribute to the running of the business.

Sole Traders

Partnerships

Corporations

Cooperatives

Franchises

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An organisation run and operated by 2 or more individuals.

Sole Traders

Partnerships

Corporations

Cooperatives

Franchises

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An organisation run by 2 or more individuals and is one which is considered a separate legal entity.

Sole Traders

Partnerships

Corporations

Cooperatives

Franchises

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Artificial intelligence (AI) is more than just an imaginative creation of science fiction movies. AI gives machines and robots the ability to think and act more like humans.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sole Trader has the sole responsibility of running a business and is easier to set up.

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