Type of business ownership
Authored by MASNI DONG
Business
University
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16 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This type of business is owned by one person.
Partnership
Sole Proprietorship
Corporation
Franchise
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This type of business is owned by two or more people.
Sole Proprietorship
Partnership
Corporation
Franchise
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This type of business is owned by many people called stockholders.
Sole Proprietorship
Partnership
Corporation
Franchise
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Law firms and doctor's offices are examples of.....
Sole Proprietorships
Partnerships
Corporations
Franchises
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Nike, Google and Apple are examples of.....
Sole Proprietorships
Partnerships
Corporations
Franchises
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Advantages of this business type are that the owner is their own boss and gets to keep all the profits.
Partnership
Sole Proprietorship
Corporation
Franchise
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, owner might lack skills & unlimited liability.
Sole Proprietorship
Partnership
Corporation
Franchise
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