Business Ownership

This type of business ownership is the easiest form to start and most common form of business.

• Sole Proprietorship

• Franchise

• Partnership

• Corporation

In a corporation, owners are called?

• shareholders/stockholders

• Managers

In this type of business ownership two or more people own and operate the business together.

• Hybrid

• Corporation

• Partnership

• Franchise

In a sole proprietorship there are how many owners?

• two

• one

• three

• four

Haley, Samantha, and Erika start a cupcake business together, each equally invest the same amount of money. Which type of business ownership is demonstrated in this scenario?

• Sole Proprietorship

• Partnership

• Franchise

• Corporation

Samuel bought stock, for $15, in a movie company. When the company folded two years later he only lost his initial investment. Which type of business ownership is demonstrated in this scenario?

• Partnership

• Sole Proprietorship

• Franchise

• Corporation

An ADVANTAGE of a partnership is partners may have conflicts?

• True

• False

Ethan and Lilia own a chain of dog stores together. They equally share the risk and the rewards. Which type of business ownership is demonstrated in this scenario?

• Franchise

• Partnership

• Corporation

• Sole Proprietorship

This type of business can raise money by selling stocks?

• Partnership

• Sole Proprietorship

• Hybrid

• Corporation

In this type of business cost and time commitment are shared between owners?

• Partnership

• Corporation

• Franchise

• Hybrid