
22 23 Mkt 1A Types of Businesses
Authored by NCA CTE Teacher
Business
9th - 12th Grade
Used 5+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Joseph wants to open up a skateboard shop with his cousin Billy. He would like for them to own and operate the shop equally. What kind of partnership should he form?
Family partnership
Limited partnership
General partnership
Financial partnership
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of these activities is within the extractive industry?
Writing
Singing
Mining
Accounting
3.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Why is accounting a service industry?
Because it provides support but no tangible goods.
Because it only serves people face-to-face.
Because it provides tangible goods.
Because it is a small business type.
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What is a corporation?
A business owned and operated by one person and the most common form of business ownership.
A legal entity distinct from its owners or shareholders.
A company with an idea for a business that sells the rights to use its brand name and product.
A business that has fewer than 500 employees and that is taxed at a lower rate.
5.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
A coffee shop is what kind of retailing distribution channel?
E-commerce
Street vendor
Mail-order
Over the counter
6.
MATCH QUESTION
1 min • 5 pts
A food truck is an example of which kind of distribution channel?
An online boutique
Which business type is notably the easiest to acquire?
Street vendors
Which is an example of E-commerce?
Sole proprietorship
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Alex repairs cars and always needs mufflers. What kind of person does he need to constantly supply him with mufflers?
Partner
Subcontractor
Investor
Employee
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