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Business Types

Authored by Kewenda Mckinnis

Business

9th - 10th Grade

Used 8+ times

Business Types
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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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