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Business Types

Authored by Dwayne Bivens

Business

8th Grade

Used 7+ times

Business Types
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business owned by only one person is a:

Sole Proprietorship

Partnership

Corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business owned by stockholders is a:

Sole Proprietorship

Corporation

Partnership

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business owned by two or more people is a:

Sole Proprietorship

Corporation

Partnership

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One advantage of a corporation is 

Limited liability

Full decision making authority

Full control over revenue

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One disadvantage of a corporation is

Full control over revenue

Unlimited liability

Increased government control

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One advantage of a Sole Proprietorship is

Limited liability

Full decision making authority

Partners may combine managerial skills

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One disadvantage of a Sole Proprietorship is

Shared profits

Total decision making authority

Personal assets are at risk

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