Types of Business Quiz
Authored by Anonymous Anonymous
Business
12th Grade
Used 5+ times
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28 questions
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1.
MATCH QUESTION
45 sec • 3 pts
Match the following business types with their descriptions.
A business owned and managed by a single individual.
Sole Proprietorship
A business owned and managed by two or more individuals.
Partnership
A very large business with branches all over the world.
Corporation
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A father who wants to take his son into the business with him should form this type of business.
Sole Proprietorship
Partnership
Corporation
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Someone who wants to control every aspect of their business should form this type of business.
Sole Proprietor
Partnership
Corporation
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Over 2 million people own stock in American Steel; what type of business is it?
Sole Proprietorship
Paartnership
Corporation
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Maria is using her savings to open a shop selling clothing from Mexico. What type of business is it?
Sole Proprietorship
Partnership
Corporation
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Louise and Susan are meeting to plan a new advertising campaign for the town newspaper they own. What type of business do they have?
Sole Proprietorship
Partnership
Corporation
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When Luigi's Pizzeria went out of business, he was still responsible for paying all of the restaurant's bills. What type of business did he have?
Sole Proprietorship
Partnership
Corporation
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