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

This form of ownership is a legal entity that exists independently of its owners.

• corporation
• Sole Proprietorship

• Partnership

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

Roxie has put her entire life savings into her new toy store. If her business is not successful she will lose everything. Which type of business ownership is demonstrated in this scenario?

• Sole Proprietorship

• Corporation

• Hybrid

• Franchise

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

In this type of business ownership there are no special forms to file other than obtaining local business license and permits.

• Partnership

• Sole Proprietorship

• Franchise

• Corporation