
Business organization
Quiz
•
Business
•
9th - 11th Grade
•
Practice Problem
•
Medium
Narimane Halaby
Used 15+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What term is defined as an enterprise that produces goods or services, usually to make a profit?
business organization
stock
unlimited liability
vertical merger
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is a business owned and managed by a single person called?
conglomerate
general partnership
limited partnership
sole proprietorship
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What of the following is a typical start up requirement for a sole proprietorship?
obtaining a business license
selling shares on the stock market
signing a contract with a partner
hiring officers to run the company
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does the term limited life mean?
The business is restricted in size.
There is a ceiling on the amount of business expenses.
There are many regulations about business activities.
The business does not continue if the owner leaves.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What do many people consider to be the chief advantage of sole proprietorship
The owner has unlimited liability.
The owner keeps all the profits.
he owner has unlimited start-up funds.
The owner does not have to obey labor laws.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following businesses is most likely to be a sole proprietorship
film studio
dry cleaner
kitchen appliance maker
football helmet manufacturer
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following people is most likely to succeed as a sole proprietor
someone who likes to make his or her own decisions
someone who is most comfortable being part of a team
someone who wants to know what's going to happen ahead of time
someone who tends to act on the spur of the moment without plans
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