Business Organizations and Market Structures
9th Grade
•35 Qs
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Business Organizations and Market Structures
Quiz
•
Business
•
9th Grade
•
Medium
Standards-aligned
Taylor Craig
Used 44+ times
FREE Resource
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35 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three types of business organizations?
sole proprietorship, partnership, and corporation
government agency, trust, and association
franchise, joint venture, and limited partnership
limited liability company, cooperative, and non-profit organization
Tags
SSEMI3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business organization is owned and operated by a single individual?
partnership
sole proprietorship
corporation
limited liability company
Tags
SSEMI3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main advantage of a partnership?
Limited liability
Centralized decision-making
Higher tax rates
Shared responsibility and workload
Tags
SSEMI3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a corporation?
a government agency.
a legal entity that is separate and distinct from its owners.
a non-profit organization.
a type of partnership.
Tags
SSEMI3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between a monopoly and a perfect competition?
Monopoly is a market structure with many sellers, while perfect competition has one seller.
Monopoly is a market structure with no sellers, while perfect competition has many sellers.
Monopoly is a market structure with one seller, while perfect competition has no sellers.
Monopoly is a market structure with one seller, while perfect competition has many sellers.
Tags
SSEMI3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many sellers are in a monopoly?
Tags
SSEMI3
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which TWO market structures have high barriers to entry?
perfect competition
oligopoly
monopoly
monopolistic competition
Tags
SSEMI3
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