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Business orginization

Authored by Frank Tucker

Social Studies

12th Grade

Used 11+ times

Business orginization
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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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2. Mario and his brother Luigi started a plumbing company together. They split the profits and the expenses.

Sole Proprietorship

Partnership

Corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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3. Mary opened a dance studio. She receives all the profits from her students’ lessons.

Sole Proprietorship

Partnership

Corporation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Mr. Lewis pays taxes on dividends for stocks he owns in a manufacturing company. The company also pays taxes on its income before distributing it to stockholders.

Sole Proprietorship

Partnership

Corporation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Dan, Tony, and Mac own a pizza parlor. They rotate hours and days off.

Sole Proprietorship

Partnership

Corporation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Mr. Wells owns a card shop. Because baseball cards have declined in popularity his business is struggling. He decides he has to sell his house to pay off his business debts.

Sole Proprietorship

Partnership

Corporation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Unger and Unger is a law firm consisting of two brothers who started their own business. They both are responsible for all profits and risks that their firm will have.

Sole Proprietorship

Partnership

Corporation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

9. What type of business is described in the diagram below?

Sole Proprietorships

Partnerships

Corporation

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