Business Quiz 3

Michael is planning to start a business that he will own and manage by himself. What is this type of business called?

• Product Trade-Name Franchise

• Sole Proprietorship

• Private Corporation

• Public Corporation

Jackson, Charlotte, and Ethan are discussing about big businesses. Ethan mentions a type of business that sells its shares to many people. What is this type of business called?

• Stockholder

• Public Corporation

• Subchapter 'S' Corporation

• Pyramid Scheme

Ethan, Henry, and Emma are discussing different business models. Emma mentions a model that she thinks is unethical, where the focus is on getting money from many people without providing a fair return. What is she referring to?

• Stockholder

• Unlimited Liability

• Royalty

• Pyramid Scheme

William started a company that sells handmade soaps. What is the money that William's company gets based on how much soap it sells called?

• Subchapter 'S' Corporation

• Royalty

• Sole Proprietorship

• Product Trade-Name Franchise

Emma, Luna, and Henry are planning to start a business with fewer owners and less paperwork. What type of business are they likely considering?

• Private Corporation

• Subchapter 'S' Corporation

• Stockholder

• Sole Proprietorship

Aria, Rohan, and Avery decided to invest their savings. They bought part of a big company. What are they now called?

• Pyramid Scheme

• Unlimited Liability

• Public Corporation

• Stockholder

Aria, Mia, and Anika started a business together. They decided not to sell their shares to everyone. What is this type of business called?

• Private Corporation

• Product Trade-Name Franchise

• Public Corporation

• Sole Proprietorship

Henry, Maya, and Priya started a business together. If they have to pay the business debts with their own money, what is this situation called?

• Royalty

• Subchapter 'S' Corporation

• Unlimited Liability

• Stockholder