IBT 3rd 9 Wks Exam (22-23)

A symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.

• Logo
• Copyright
• Trademark
• Slogan

What is an entrepreneur?

• A person who is in charge of a specific location.
• A person who works for someone else in order to learn skills.
• A person who organizes and operates a business or businesses.
• None of these

Name the logo:

• Hunts
• Heinz
• Kraft
• Del Monte

When a business purchases the right to run and open a local branch of a business is called --?

• Corporate Model

• Franchise

• Private Model

• Partnership

You are planning your own business, logically, which is the 1^st step you should take?

• Determine employee policies

• Determine your target audience

• Determine your financing

• Determine your location

A business owned by stockholders is

• company
• non-profit
• sole proprietorship
• corporation

What is a disadvantage of being an entrepreneur?

• You have more control over your work

• You have a more flexible schedule

• You do not always receive a regular paycheck

• Your work schedule is always predictable

What is a form of business ownership in which 2 or more people jointly owns a business

• Sole Proprietorship
• Company
• Partnerships

Which of the following is NOT a type of business ownership?

• partnership

• sole proprietorship

• entrepreneurship

• franchise

Owned by one individual.

• Proprietorship
• Partnership
• Corporation
• None of the above