Types of Businesses Test
Authored by Tyler Abney
Social Studies
9th - 12th Grade
Used 4+ times
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Difficult and costly to start.
Sole Proprietorship
Partnership
Corporation
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Easiest form to start and most common form of business.
Sole Proprietorship
Partnership
Corporation
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Legal and financial responsibility shared by two or more owners
Sole Proprietorship
Partnership
Corporation
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Requires an agreement/contract to start.
Sole Proprietorship
Partnership
Corporation
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Requires a charter filed with the government to start.
Sole Proprietorship
Partnership
Corporation
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The owner keeps all of the profits.
Sole Proprietorship
Partnership
Corporation
7.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Double Taxation.
Sole Proprietorship
Partnership
Corporation
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