Types of Business Organizations

Types of Business Organizations

10th Grade

15 Qs

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Types of Business Organizations

Types of Business Organizations

Assessment

Quiz

Business

10th Grade

Practice Problem

Hard

Created by

Rose-Marie Brophy

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a type of business organization?

Sole Proprietorship

Partnership

Corporation

All of the above.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bakery is an example of a _________.

Service Business

Manufacturing Business

Retail Business

Non-profit Organization

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business organization is described as having two or more owners and tends to be small?

Sole Proprietorship

Partnership

Corporation

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a sole proprietorship, who receives all the benefits, profits, and income?

The government

The sole proprietor

The employees

The shareholders

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of liability does a sole proprietor have?

Limited liability

No liability

Unlimited liability

Shared liability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a sole proprietorship, income and profits are taxed at ______.

A) corporate rates

B) personal income rates

C) international rates

D) reduced rates

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a challenge in obtaining financing for a sole proprietorship?

Easy access to loans

Difficult to get start-up or expansion financing

Government grants

High investor interest

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