
Intro 2 Business Ch 6 Vocab
Authored by Bryan McMahan
Business
KG - 12th Grade
Used 3+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
sole proprietorship
A business owned by only one person
A sociological, economic, or political subdivision of society
Capable of being seen or noticed
The power to influence or command thought, opinion, or behavior
Coherent form or organization
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
unlimited liability
A liability that holds the owner fully responsible for a company’s debts
A business owned by only one person
A sociological, economic, or political subdivision of society
Capable of being seen or noticed
The power to influence or command thought, opinion, or behavior
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
partnership
A business owned by two or more people who share its risks and rewards
A liability that holds the owner fully responsible for a company’s debts
A business owned by only one person
A sociological, economic, or political subdivision of society
Capable of being seen or noticed
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
corporation
Company that is registered by a state and operates apart from its owners
A business owned by two or more people who share its risks and rewards
A liability that holds the owner fully responsible for a company’s debts
A business owned by only one person
A sociological, economic, or political subdivision of society
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
limited liability
A claim that holds a firm’s owners responsible for no more than the capital that they have invested in it
Company that is registered by a state and operates apart from its owners
A business owned by two or more people who share its risks and rewards
A liability that holds the owner fully responsible for a company’s debts
A business owned by only one person
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
cooperative
Organization that is owned and operated by its members
A claim that holds a firm’s owners responsible for no more than the capital that they have invested in it
Company that is registered by a state and operates apart from its owners
A business owned by two or more people who share its risks and rewards
A liability that holds the owner fully responsible for a company’s debts
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
nonprofit organization
A type of business that focuses on providing a service rather than making a profit
Organization that is owned and operated by its members
A claim that holds a firm’s owners responsible for no more than the capital that they have invested in it
Company that is registered by a state and operates apart from its owners
A business owned by two or more people who share its risks and rewards
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