Business Organizations Review
Authored by Joseph Voitek
Social Studies
11th Grade
Used 30+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
24 questions
Show all answers
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
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
