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Business Ownership Study Guide

Authored by Jordan Marcum

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Used 4+ times

Business Ownership Study Guide
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Difficult and costly to start

Sole Proprietorship
Partnership
Corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Easiest form to start and most common form of business.

Sole Proprietorship
Partnership
Corporation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unlimited legal and financial responsibility is shared.

Sole Proprietorship
Partnership
Corporation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Requires an agreement to start

Sole Proprietorship
Partnership
Corporation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Requires a charter filed with the government to start

Sole Proprietorship
Partnership
Corporation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owner keeps all of the profits

Sole Proprietorship
Partnership
Corporation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Double taxation

Sole Proprietorship
Partnership
Corporation

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