Business Structure/Business Plan Assessment
Authored by Carmelita Milton
Business
12th Grade
Used 32+ times
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50 questions
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1.
CATEGORIZE QUESTION
3 mins • 2 pts
Organize these options into the right categories for the pros and cons of a business plan.
Groups:
(a) Pros
,
(b) Cons
Restricts Freedom
Glimpse of the future
No guarantees
Demographics and Marketing
Funding for line of credit
Too much time on analysis
Lack of accountability
Let others know you are serious
Know how to allocate resources
False sense of certanity
Inaccurate
Multiple viewpoints
Poor implementation
2.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
If you owned your own business, what business structure would you choose?
Sole Proprietorship
Corporation
Partnership
3.
FILL IN THE BLANK QUESTION
1 min • 2 pts
A________________ is a business organization with two or more owners who share the risks and rewards.
4.
FILL IN THE BLANK QUESTION
1 min • 2 pts
A business owned by one person is called a ___________.
5.
FILL IN THE BLANK QUESTION
1 min • 2 pts
A ______is a business owned by many people but treated by law as one person.
6.
FILL IN THE BLANK QUESTION
1 min • 2 pts
The _______is a one -to -three- page overview of the business plan.
7.
FILL IN THE BLANK QUESTION
1 min • 2 pts
The ______explain the type of company you plan to start.
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