Business Basics

A single unit business is called

• Partnership
• Corporation
• Independent business

• Franchise

What is a chain or franchise

• A chain or franchise is a type of transportation
• A chain or franchise is a type of fast food
• Multiple-unit businesses

• A chain or franchise is a type of jewelry

is the form of ownership in which only one person owns the business

• Corporation
• Sole Proprietorship
• Partnership
• Franchise

is responsible for the entire single business

(a)  

What is a partnership

• A partnership is a legal agreement between friends.
• A partnership is a business structure where two or more individuals manage and operate a business together.
• A partnership involves only one individual managing a business.
• A partnership is a type of investment in the stock market.

Corporation is

• A type of animal
• A type of fruit
• A type of car
• A legal entity established for the purpose of doing business

the right of partial ownership in a corporation is

(a)  

People who own stock in a corporation are called

• stockholders
• shareholders
• investors
• stakeholders

A manager of a business can be described as someone who is

• responsible for managing a team of employees
• in charge of marketing and advertising
• tasked with handling customer service issues
• responsible making decisions for a business

Recruiting is

• Cooking delicious meals
• process of looking for the most qualified applicant for the job

• Solving complex math problems
• Repairing broken appliances