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Unit 3: Lesson 1 Quiz

Authored by Paul Ruiz-Requena

Social Studies

12th Grade

11 Questions

Unit 3: Lesson 1 Quiz
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Fill in the blank: A ______ is a business structure that involves a legal agreement between two or more parties.

A) Corporation

B) Partnership

C) Sole Proprietorship

D) Franchise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes a sole proprietorship?

A business entity that is legally separate from its owners.

A business that is formed primarily for the purpose of raising capital through stockholders.

A business owned and operated by a single individual with full control.

A business owned by multiple individuals sharing profits and liabilities.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Franchisees operate a branch of a _______ company.

larger

smaller

independent

local

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key feature of a franchise?

Licensing of brand name

Ownership of brand

Creation of brand

Sale of brand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a Limited Liability Company, owners have ______ liability for business debts.

unlimited

limited

no

shared

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might a cooperative face challenges in raising capital?

They focus exclusively on profit maximization.

They are funded solely by members.

They have complex management structures.

They attract many outside investors.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cooperatives are common in which sectors?

Technology and finance

Agriculture, retail, and housing

Entertainment and media

Pharmaceuticals and healthcare

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