Business Organizations Review
Authored by Joseph Voitek
Social Studies
11th Grade
Used 30+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Person who purchases does not need to build the business from scratch
Partnership
Sole Proprietorship
Franchise
Corporation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is a hybrid, with some elements of a corporation and some elements of a sole
proprietorship/partnership.
Limited Liability Company
Limitied Liability Partnership
General Partnership
S Corporation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They may have no more than 100 shareholders.
Sole Proprietorship
General Partnership
C Corporation
S Corporation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There is just one owner
Limited Liability Partnership
Sole Proprietorship
Limited Liability Corporation
Franchise
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Must report their income to the Securities and Exchange Commission
C Corporation
S Corporation
Franchise
General Partnership
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A formal arrangement by two or more parties to manage and operate a business and share its profits
Non-Profit
Partnership
Sole Proprietorship
Corporation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the business owner chooses to go through the legal process of incorporation
Non-Profit
Franchise
Corporation
Partnership
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