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Business Comparisons

Authored by JOHN REESE

Business

8th Grade

Used 5+ times

Business Comparisons
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38 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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What is a business owned and operated by one person?

Sole Proprietorship
Partnership
Corporation

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

Sole Proprietorship
Partnership
Corporation

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

Sole Proprietorship
Partnership
Corporation

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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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

3 mins • 1 pt

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What is ONE advantage of a Partnership?

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

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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What is ONE advantage of a Corporation?

Difficult to start
Make all of the decisions
Easy to raise money!

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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Which business type makes up approximately 75% of all businesses?

Sole Proprietorship
Partnership
Corporation

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