Business Types

Business Types

9th - 10th Grade

•

40 Qs

quiz-placeholder

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Business Types

Business Types

Assessment

Quiz

•

Business

•

9th - 10th Grade

•

Medium

Created by

Kewenda Mckinnis

Used 8+ times

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40 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Which of these is NOT an advantage of Sole Proprietorship?

Easy to form

You decide how profits are spent

You don't need to share your trade secrets or financial details

Unlimited liability if the company fails

2.

FILL IN THE BLANK QUESTION

1 min • 5 pts

What do you call the people who own shares of a corporation?

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

This type of business is owned by one person.

Partnership
Sole Proprietorship
Corporation
Franchise

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

This type of business is owned by two or more people.

Sole Proprietorship
Partnership
Corporation
Franchise

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

This type of business is owned by many people called stockholders.

Sole Proprietorship
Partnership
Corporation
Franchise

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

This type of business is a contractual agreement with a parent company to sell its products/services in an area.

Sole Proprietorship
Partnership
Corporation
Franchise

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Law firms and doctor's offices are examples of.....

Sole Proprietorships
Partnerships
Corporations
Franchises

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