Entrepreneurship Ch. 33
Authored by Clara Wehmeyer
Business
9th - 12th Grade
Used 2+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of these is NOT an advantage of entrepreneurship?
Increased self-esteem
Personal satisfaction
High Level of Stress
Increased income
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A BLANK is owned and operated by a single person
LLC
Corporation
Sole Proprietorship
General Partnership
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A BLANK is a legal entity created by either a state or federal authority allowing individuals to operate as an enterprise
Corporation
LLC
Sole Proprietorship
Partnership
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Stockholders are owners of a corporation
True
False
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A legal agreement to sell a parent company's products or services in a designated geographic area
Sole Proprietorship
Partnership
Franchise
LLC
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Means that the personal assets of the owners cannot be taken if the company does not meet its financial obligations or gets into legal trouble
unlimited liability
Full coverage
Limited liability
Insurance
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Each partner shares profits and lossess
Corporation
General Partnership
LLC
Limited Partner
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