
Business Ownership
Authored by Kevin Stuckmeyer
Business
9th - 12th Grade
Used 27+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business that is owned by one person.
sole proprietorship
partnership
corporation
franchise
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Advantages of a sole proprietorship include all except:
easiest to start up
pride of ownership
keep all the profits
limited liability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A voluntary association of two or more people as co-owners of a business.
sole proprietorship
partnership
corporation
franchise
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a person who invests money in a business who has no managment responsibilities or liability for loss
general partner
limited partner
sole proprietor
franchisee
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A disadvantage of a partnership includes
difficulty of start up
limited liability
combined resources
frozen investment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An artificial person or legal entity form of business ownership
sole propreitorship
partnership
corporation
franchise
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step to incorprating?
create a corporate charter
issue stock
elect board of directors
determine the corporate structure
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