Semester Exam Review (Business, Marketing, and Finance)

A businessman is considering starting a new venture. Which type of business ownership should he choose if he wants to be the sole owner?

• Corporation

• Franchise

• Sole Proprietorship

• Partnership

John and Mary are planning to start a business together where they will share equal profits and liabilities. What type of business ownership are they considering?

• General Partnership

• Limited Partnership

• Corporation

• Sole Proprietorship

Imagine you and your friend decide to start a business together. You invest a significant amount of money and time into the business, owning 80% of it, while your friend only invests a small amount, owning 20% of it. You both agree that the profits and liabilities will be shared according to your respective ownership percentages. What type of business ownership is this scenario describing?

• General Partnership

• Limited Partnership

• Corporation

• Sole Proprietorship

Imagine you are an investor looking to invest in a business. You come across a type of business that is not owned by an individual or partners, but by the general public who invest in the company, commonly known as shareholders. What type of business is this?

• Sole Proprietorship

• Partnership

• Franchise

• Corporation

John is planning to start a business where he will purchase the naming rights to operate under a well-known company's name. This model is commonly seen in the fast food and retail industries, like Chic-Fil-A and McDonalds. What type of business ownership is John considering?

• Franchise

• Corporation

• Partnership

• Sole Proprietorship

You are studying business models and come across McDonald's. What type of business model does McDonald's exemplify?

• Corporation

• Franchise

You are a business analyst studying different types of business structures. During your research, you come across Wal-Mart. What type of business structure does Wal-Mart represent?

• Franchise

• Corporation

A local family-owned coffee shop is most likely operating under which business structure?

• Corporation

• Sole Proprietorship

Maddox and Shane are co-founders of a tech startup. They both hold 50 percent of the company's shares. What type of business structure is this?

• General

• Limited

Kayden and Logan are business partners in a tech startup. Kayden holds a 60 percent stake in the business, while Logan holds a 40 percent stake. What type of business partnership does this scenario depict?

• General

• Limited