Business Quiz

1.   A business that is owned and controlled by one person

is a:

• a. cooperative   

• b. partnership    

• c. sole proprietorship *  

• d. corporation

2.     Individuals who invest in a corporation by buying stock are called?

• a. subsidiaries 

•     b. conglomerates    

• c. cooperatives     

• d. stockholders *

4. Business organization that is treated by law as if it were an individual person(can sue and be sued) is a?

• a. cooperative    

• b. partnership    

• c. sole proprietorship    

• d. corporation *

5. Business that is owned and controlled by two or more people is a:

• a. cooperative 

•   b. partnership *    

• c. sole proprietorship  

•    d. corporation

6. Certificates of ownerships in a corporation are called:

• a. bonds     

• b. dividends  

•   c. stocks  * 

•   d. interest  

It is a form of business refers to an arrangement where one person/ company grants another person/ company the right to use its trademark/ trade-name.

• CORPORATION

• COMPANY

• Corporation

• FRANCHISING

Advantage: Start-up cost are low

• Sole Proprietorship

• Partnership

• Franchising

• Entrepreneurship

This refers to a person/ company that is granted a license to do business under the franchisor's trademark and trade name.

• FRANCHISOR

• PARTNER

• SOLE PROPRIETOR

• FRANCHISEE

Advantage: Shared responsibility

• Sole Proprietorship

• Partnership

• Franchising

• Entrepreneurship

Disadvantage: Other franchisees could give the

brand a bad reputation

• Sole Proprietorship

• Partnership

• Franchising

• Franchisee