
THREE FORMS OF OWNERSHIP
Authored by Stefani Lindstrom
Specialty
10th Grade
Used 1+ times

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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the three forms of ownership?
Sole Proprietorship
Partnership
Corporation
All of the above.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form of ownership involves a single individual owning the entire business?
Partnership
Corporation
Sole Proprietorship
None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which form of ownership do two or more people share ownership of a business?
Sole Proprietorship
Partnership
Corporation
All of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the form of ownership in which only one person owns the business?
Sole proprietorship
Partnership
Corporation
Limited Liability Company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a sole proprietorship, who makes all the decisions and is responsible for all the problems?
The sole proprietor makes all the decisions and is responsible for all the problems.
The board of directors makes all the decisions and is responsible for all the problems.
The shareholders make all the decisions and are responsible for all the problems.
The employees make all the decisions and are responsible for all the problems.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a sole proprietorship?
Coca-Cola
Walmart
FBI
Lindstrom's Bed & Breakfast
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the form of ownership in which 2 or more people own the business?
Partnership
Sole Proprietorship
Corporation
Franchise
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