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Chapter 6 ENT

Authored by Martha Fellman

Business

9th - 12th Grade

Used 3+ times

Chapter 6 ENT
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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

More than 3/4 of all U.S. businesses are sole proprietorships.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partnership does NOT require a contract that outlines the rights and responsibilities of each partner.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nonprofit corporations can legally charge money for the services they perform.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A local automobile dealership is considered a retailer.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Processors change raw materials into more finished products.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sole proprietorships have limited liability.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks are less likely to lend money to partnerships than to sole proprietorships.

True

False

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