Types of Businesses
Authored by Abbey Wilson
Social Studies, Business, Other
Used 15+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business model that allows individuals to invest in an organisation that already exists and run on their own (following regulations).
Sole Traders
Partnerships
Corporations
Cooperatives
Franchises
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organisation is run and operated by one individual.
Sole Traders
Partnerships
Corporations
Cooperatives
Franchises
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organisation is made up of at least 5 members who contribute to the running of the business.
Sole Traders
Partnerships
Corporations
Cooperatives
Franchises
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organisation run and operated by 2 or more individuals.
Sole Traders
Partnerships
Corporations
Cooperatives
Franchises
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organisation run by 2 or more individuals and is one which is considered a separate legal entity.
Sole Traders
Partnerships
Corporations
Cooperatives
Franchises
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sole Trader has the sole responsibility of running a business and is easier to set up.
Advantage
Disadvantage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Subway, McDonald's and Hungry Jack's are all examples of a _________ business.
Food
Franchises
Sole Traders
Shop
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