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Business Ownership Quiz for BBI20

Authored by Alina A

Business

10th Grade

Used 2+ times

Business Ownership Quiz for BBI20
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is business ownership?

The CSR (Corporate Social Responsibilty) of a business.

The process of starting a business.

Legal control of a business.

The marketing and advertising of a business.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The forms of business ownership we learned about are:

Depreciation, amortization, and corporate profitability.

Joint stock company, property ship, ethics, and marketing.

Private sector, public sector, privatization, and GDP.

Cooperative, corporation, sole proprietorship, and partnership.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The two types of partnerships are:

General and limited.

Conglomerate and synergy.

Competent and productive.

Unlimited and general.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define sole proprietorship:

A business owned by one person, referred to as a “proprietor”.

A business owned by one thousand people, referred to as "people".

A business owned by one mushroom, referred to as a "property manager".

A business man named "Proprietor" sold his company stock.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an advantage of a cooperative business?

Decision-making process could be difficult.

Less expensive goods/services.

Access to government grants and funding.

MEC.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a disadvantage of a franchise?

Less expensive cost of products.

Brand recognition.

Cheap to purchase.

Expensive to purchase.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a crown corporation?

A crown corporation is a government-owned corporation.

A crown corporation is a sole-owned corporation.

A crown corporation is a non-profit charity.

A crown corporation is where the hierarchy connects with Maslow.

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