Business organizations

Business organizations

12th Grade

25 Qs

quiz-placeholder

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Business organizations

Business organizations

Assessment

Quiz

History

12th Grade

Medium

Created by

Christopher Lloyd

Used 24+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that is run by a single owner

Sole proprietorship

Partnership

Corporation

Franchise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of company has the least freedom for entrepreneurs

Partnership

Corporation

Proprietorship

Franchise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the advantage of a sole proprietorship?

Largest type of business

Permanent

Profits go to you

National Advertising

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A "Mom-and-Pop" shop is an example of which type of business

Proprietorship

Franchise

Corporation

Monopoly

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If one or more members of a partnership are shielded from unlimited liability, but one or more members are not protected, then the business is organized as a

Limited Liability

Limited

General

Conglomerate

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Partnership where all partners share unlimited liability

Limited Liability

Limited

General

Conglomerate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Law firms and doctors' offices are two usual examples of what type of business organization?

Corporation

Partnership

Sole Propriertorship

Conglomerate

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