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Business Test

Authored by Larry Helmick

Business

9th - 12th Grade

Used 4+ times

Business Test
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41 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Items that can be seen and touched are known as...

Goods

Services

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

People who are part owners of a company are known as...

Stakeholders

Shareholders

Customers

People

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Someone who starts, operates and assumes the risk of a business is known as an...

Investor

Interest person

Entrepreneur

Business inventor

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The owner of a business being responsible for all debts is known as....

Limited liability

Unlimited liability

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Environmental factors over which businesses have very little control over are known as...

internal

existing

external

international

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most common form of business ownership?

Corporation
Company
Sole Proprietorship
LLC

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Sole Proprietorship
Company
Partnerships

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