Business Organizations

Business Organizations

9th - 12th Grade

37 Qs

quiz-placeholder

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Business Organizations

Business Organizations

Assessment

Quiz

Social Studies

9th - 12th Grade

Easy

Created by

Terri Sutton

Used 39+ times

FREE Resource

37 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A business owned and managed by a single individual which is easy to establish and is single taxed is known as?

Liability

Partnership

Sole Proprietorship

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A business in which two or more persons combine their assets and skills, sharing profits, and liability is known as?

Partnership

Merger

Sole Proprietorship

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The combination of 2 firms through a purchase or sale of the company or brands is known as?

Partnership

Merger

Corporation

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A group of diverse companies under common ownership and run as a single organization is known as?

Board of Directors

Conglomerate

Non-Profit Company

Multi-national

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A business which is owned by multiple shareholders is known as?

Corporation

Board of Directors

Conglomerate

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Profits of a corporation; shared among stockholders is known as?

Dividend

Sole Proprietorship

Corporate Tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Unlimited liability means

Business owner is not responsible for financial loss

Business owner is responsible for all financial losses

Business owner pays only half financial loss

Business owner pays taxes

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