Business Basics

Business Basics

9th Grade

15 Qs

quiz-placeholder

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Business Basics

Business Basics

Assessment

Quiz

Specialty

9th Grade

Practice Problem

Medium

Created by

Cristina Vazquez

Used 50+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A single unit business is also called an independent business.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form of ownership is run by only one person?

Sole proprietorship

Partnership

Corporation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form of ownership is run by stockholders?

Sole Proprietorship

Partnership

Corporation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a partnership there is no need to sign a contract. Partners should trust each other in business.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An owner of a chain who sells franchises is called a ____________

Chain owner

Franchisor

Franchisee

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of these is NOT a 5 major function of management.

Planning

Staffing

Scheduling

Leading

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A(n) _________________ shows how tasks are organized, who performs them, and the levels of responsibility.

Operations Manual

Organizational Chart

Schedule

Contract

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