Business Types

Business Types

5th - 11th Grade

15 Qs

quiz-placeholder

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Business Types

Business Types

Assessment

Quiz

Computers

5th - 11th Grade

Hard

Created by

Brian Turner

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a business owned and operated by one person?

Sole Proprietorship
Partnership
Corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a business owned by stockholders/investors but operated by others?

Sole Proprietorship
Partnership
Corporation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a business owned and operated by two or more people?

Sole Proprietorship
Partnership
Corporation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is ONE advantage of a sole proprietorship?

You make ALL the decisions
Easy to raise money
You have to share profits

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which is ONE disadvantage of Sole Proprietorship?

Less direct control
Disagreements
Hard to raise money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is ONE advantage of a Partnership?

Someone else can help with decisions, etc.
Double taxes
Disagreements

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is ONE disadvantage of a Partnership?

Easier to start
Have to share the profits
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