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From Private to Public Vocabulary Quiz

Authored by Jessica Palumbo

Business

10th Grade

Used 3+ times

From Private to Public Vocabulary Quiz
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15 questions

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1.

DROPDOWN QUESTION

30 sec • 1 pt

An individual who starts and manages a business, taking on financial risks in the hope of profit is called a (a)   .

a) Company
b) Corporation
c) Entrepreneur
d) Partnership

2.

DROPDOWN QUESTION

30 sec • 1 pt

A(n) (a)   is a legal entity formed by a group of individuals or stakeholders to engage in a specific business activity.

a) Sole proprietorship
b) Entrepreneur
c) Corporation
d) Dividend

3.

DROPDOWN QUESTION

30 sec • 1 pt

When a business is owned and operated by a single individual, it is called a (a)   .

a) Corporation
b) Private corporation
c) Sole proprietorship
d) Partnership

4.

DROPDOWN QUESTION

30 sec • 1 pt

A business owned by two or more individuals who share the profits and liabilities is known as a (a)   .

a) Sole proprietorship
b) Public corporation
c) Partnership
d) Revenue

5.

DROPDOWN QUESTION

30 sec • 1 pt

A (a)   is a type of business organization that is legally distinct from its owners and is owned by shareholders.

a) Company
b) Entrepreneur
c) Sole proprietorship
d) Corporation

6.

DROPDOWN QUESTION

30 sec • 1 pt

A (a)   is a corporation that is not publicly traded and has a limited number of shareholders.

a) Private corporation
b) Public corporation
c) Sole proprietorship
d) Earnings per Share (EPS)

7.

DROPDOWN QUESTION

30 sec • 1 pt

In contrast, a (a)   is a corporation whose shares are publicly traded and available for purchase by anyone.

a) Partnership
b) Earnings
c) Private corporation
d) Public corporation

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