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Small Business Ownership check up

Authored by Laura [HHS]

Business

9th Grade

Small Business Ownership check up
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17 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Evelyn is starting her own business and wants to know: What exactly is a sole proprietorship?

A business owned by multiple partners

A business owned and operated by one individual

A corporation with a board of directors

A franchise agreement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine you're in a business class with Evelyn, Nora, and Daniel. The professor asks: What is a general partnership?

Partners share equal liability in the profits and losses of the business

Partners have unequal share and liability

A business owned by one individual

A corporation with a board of directors

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Arjun and Scarlett are starting a new business together. What type of partnership allows them to have different levels of responsibility and investment?

Partners share equal liability

Partners have an unequal share and liability

A business owned by one individual

A franchise agreement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a corporation?

A business owned by one individual

A separate legal entity which forms a board to act as governing bodies

A partnership with equal liability

A franchise agreement

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a franchise?

A business owned by one individual

A right or license to sell a company’s product or service

A partnership with equal liability

A corporation with a board of directors

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is a franchisor?

A person who pays fees to operate a business

A business that leases its trade name and operating system

A business owned by one individual

A corporation with a board of directors

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is capital in a business context?

A person who guides a company to success

Wealth in the form of money or property used in a business

A business owned by one individual

A franchise agreement

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