Business Ownership Quiz
Authored by LAURA A LAWSON
Social Studies
12th Grade
Used 1+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business owned by one person.
Sole Proprietorship
Partnership
Corporation
Limited Liability Company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business that ends when the owner dies.
Sole proprietorship
Partnership
Corporation
Franchise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A company that can act as people do is called a _______.
Corporation
Partnership
Sole Proprietorship
Non-Profit Organization
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business structure has the most government regulation?
Sole Proprietorship
Partnership
Corporation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business owned by two or more people who share its risks and rewards.
Partnership
Sole Proprietorship
Corporation
Franchise
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business entity pays taxes twice?
Sole Proprietorship
Partnership
Corporation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business in which personal assets can be seized to pay for debts.
Sole Proprietorship
Partnership
Corporation
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