Unit 2 Forms of Business/Entrep/SBM Review for Test

Unit 2 Forms of Business/Entrep/SBM Review for Test

12th Grade

51 Qs

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Unit 2 Forms of Business/Entrep/SBM Review for Test

Unit 2 Forms of Business/Entrep/SBM Review for Test

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Lori Conte

Used 1+ times

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51 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a form of business ownership?

Sole proprietorship

Partnership

Corporation

Cooperative

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form of business ownership is characterized by limited liability for its owners?

Sole proprietorship

Partnership

Corporation

Franchise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business ownership is typically formed by one individual?

Sole proprietorship

Partnership

Corporation

Limited Liability Corporations (LLC)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form of business ownership is a legal entity that is separate and distinct from its owners?

Sole proprietorship

Partnership

Corporation

Franchise

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name given to a business that is authorized to sell a company's goods or services in a particular area?

Sole proprietorship

Partnership

Corporation

Franchise

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of businesses in the US are sole proprietorships?

50 percent

80 percent

30 percent

60 percent

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a sole proprietorship?

A multinational corporation

A local small shop

A government agency

A public limited company

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