
Types of Businesses Quiz- Practice
Authored by Anneris De La Hoz
World Languages
9th Grade
Used 1+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a business entity?
A business that is owned by a group of people and is run for their mutual interest or benefit
A business owned and operated by a single person
A business providing intangible products
An organization using economic inputs or resources to supply goods or services to consumers in exchange for cash or kinds
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business provides intangible products?
Merchandising business
Manufacturing business
Service business
Corporation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is another name for a merchandising business?
Sole proprietorship
Partnership
Buy and sell business
Service business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business is formed, owned, and operated by a single person?
Sole proprietorship
Partnership
Multinational corporation
Corporation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which type of business do all partners bear unlimited liability?
Limited liability company
Franchise
General partnership
Corporation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business has separate legal personalities for the business organization and the owner?
Cooperative
Sole proprietorship
Partnership
Corporation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a characteristic of multinational corporations (MNCs)?
They are small businesses
They have limited liability
They are owned by a single person
They produce and sell products in various countries
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