business ownership types
Authored by salma moust
Business
11th Grade
Used 29+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Nike, Google and Apple are examples of.....
Sole Proprietorships
Partnerships
Corporations
Franchises
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
McDonald's and Burger King are examples of....
Sole Proprietorships
Partnerships
Corporations
Franchises
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Advantages of this business type are that the owner is their own boss and gets to keep all the profits.
Partnership
Sole Proprietorship
Corporation
Franchise
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Advantages of this business include: easier to get money from the bank to start, share skills and share risks.
Sole Proprietorship
Partnership
Corporation
Franchise
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Advantages of this type of business include: selling stock to raise money, limited liability.
Sole Proprietorship
Partnership
Corporation
Franchise
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Disadvantages of this type of business include: company is taxed on profits, regulated by the government, and hard to start.
Sole Proprietorship
Partnership
Corporation
Franchise
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is ONE advantage of a sole proprietorship?
You make ALL the decisions
Easy to raise money
You have to share profits
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