Business Types Study Quizizz

What is the most common business type?

• Partnership
• Sole proprietorship
• Corporation
• Limited Liability Company

What type of business has one owner and they get to keep all the profit?

• Corporation
• Limited liability company
• Sole proprietorship
• Partnership

What type of business has decisions by two or more owners?

• Partnership or Corporation
• Sole Proprietorship
• Limited Liability Company
• Franchise

What type of business can use specialization among owners?

• Corporations
• Sole proprietorships
• Non-profit organizations
• Partnerships

What type of business share decision making, profit, and loses?

• Sole Proprietorship
• Corporation
• Limited Liability Company
• Partnership

Sole Proprietorship and Partnership both have

• Unlimited liability, little longevity, easy startup, difficulty in growing, and use collateral in startup.

• Mandatory annual audits and public disclosures.
• Limited access to capital and resources.
• High taxation rates and complex regulations.

What are the three basic forms of business

• Sole proprietorship

• Partnership

• Corporation

• Self- Serving

What business type is owned and operated by one person?

• Sole proprietorship
• Limited liability company
• Corporation
• Partnership

What type of line is this?

• elastic supply line

• inelastic supply line

• elastic demand line

• Inelastic demand line

The most non-competitive market is...

• monopoly
• perfect competition
• monopolistic competition
• oligopoly