Business Structures Review

Business Structures Review

12th Grade

11 Qs

quiz-placeholder

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Business Structures Review

Business Structures Review

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Easy

Created by

Rodney Sink

Used 10+ times

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11 questions

Show all answers

1.

MATCH QUESTION

30 sec • 1 pt

Match the following key terms with their definitions:

A business owned by one person

Partnership

Operates under a parent company

Franchise

A legal entity separate from its owners

Sole Proprietorship

A business owned by two or more people

Corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the type of business merger where the companies are in the same industry?

Conglomerate

Horizontal Merger

Vertical Merger

Cooperative

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Conglomerate?

A single business entity

A group of diverse companies under common ownership

A type of partnership

A form of cooperative

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term describes a business owned by two or more people?

Sole Proprietorship

Partnership

Corporation

Franchise

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Franchise?

A) A business owned by one person

B) A business that operates under a parent company

C) A type of merger

D) A form of trust

6.

MATCH QUESTION

30 sec • 4 pts

Match the following economic concepts with their descriptions:

The benefits and costs of choosing one option over another

Trade-offs

The financial gain made in a transaction

Profits

Factors that motivate individuals to perform an action

Incentives

The loss of potential gain from other alternatives when one alternative is chosen

Opportunity Cost

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a legal entity separate from its owners?

Sole Proprietorship

Partnership

Corporation

Cooperative

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