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Intro 2 Business Ch 6 Vocab

Authored by Bryan McMahan

Business

KG - 12th Grade

21 Questions

Used 3+ times

Intro 2 Business Ch 6 Vocab
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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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