Types of Businesses
Authored by Mary Wusterbarth
Business
8th Grade
Used 9+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which business is a group organized for purposes other than making a profit?
Sole Proprietorship
Limited Liability Company
Partnership
Non Profit
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A business entity that is owned by its shareholder(s) and who elects a board of directors to oversee the organization's activities is called
Sole Proprietorship
Non profit
Corporation
Partnership
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A business where two or more people share ownership is called a
Partnership
Corporation
Limited Liability Company
Sole Proprietorship
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A business owned by one person is called a
Partnership
Corporation
Limited Liability Company
Sole Proprietorship
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which business type offers pass through taxation?
Sole Proprietorship
Limited Liability Company
Corporations
Partnership
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which business structure offers limited liability protection?
Sole Proprietorship
Limited Liability Company
Partnership
Corporation
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which business type has perpetual life?
Sole Proprietorship
Corporation
Partnership
Limited Liability Company
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