Final Exam Review

Final Exam Review

9th - 12th Grade

36 Qs

quiz-placeholder

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Final Exam Review

Final Exam Review

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Kimberly Horton

Used 12+ times

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36 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Which of the following is NOT a type of business structure?

Partnership
Sole proprietorship
Entrepreneurship
Franchise

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following is defined as a business which is owned and operated by one individual?

Partnership
Sole proprietorship
Entrepreneurship
Franchise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Advertising includes all of the following EXCEPT;

Billboards
Commercials
Magazine Ads
Online Ratings

4.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Which of the following is defined as a business in which partners have an unequal share and liability in the business?

Sole partnership
Limited liability partnership
General partnership
Franchise partnership

5.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Which of the following is a type of business which operates as a separate legal entity?

Corporation
Franchise
Partnership
Sole partnership

6.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Which of the following is a disadvantage of being a general partner?

You share all the risk
Name recognition
Shared advertising expenses
Must follow the limited partner’s rules and expectations

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following is the most common form of business ownership?

Corporation
Franchise
Partnership
Sole proprietorship

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