
Business Organizations
Authored by Terri Sutton
Social Studies
9th - 12th Grade
Used 42+ times

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37 questions
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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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