Business Organization Quiz
Authored by Marilyn Cash
Computers
8th Grade
Used 2+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Sole Proprietorship?
Owned by two or more people
Contractual agreement to sell a company’s products or services in a specific geographic area
A company that does business and has business facilities in many countries
Owned by one person
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What defines a Partnership?
Owned by two or more people
Contractual agreement to sell a company’s products or services in a specific geographic area
A company that does business and has business facilities in many countries
Owned by one person
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Corporation?
Owned by two or more people
Contractual agreement to sell a company’s products or services in a specific geographic area
A company that does business and has business facilities in many countries
Owned by many people—stockholders, but treated by law as one person
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Franchise?
Owned by two or more people
Contractual agreement to sell a company’s products or services in a specific geographic area
A company that does business and has business facilities in many countries
Owned by one person
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Non-Profit organization?
Owned by two or more people
Contractual agreement to sell a company’s products or services in a specific geographic area
A company that does business and has business facilities in many countries
A business whose goal is to provide a service rather than to make a profit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What characterizes a Multinational company?
Owned by two or more people
Contractual agreement to sell a company’s products or services in a specific geographic area
A company that does business and has business facilities in many countries
Owned by one person
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business is McDonald's?
Sole Proprietorship
Partnership
Corporation
Franchise
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