Business Types Quiz

What is a sole trader also known as?

• Sole proprietor

• Business partner

• Limited partner

• Franchise owner

Which of the following is a type of business partnership?

• Franchises

• Sole proprietorships

• Limited partnerships

• Social enterprises

What type of business is unincorporated?

• Sole trader

• Limited liability company

• Franchise

• Corporation

Which of the following is NOT a type of franchise?

• Limited partnership

• Partnership

• Social enterprise

• Sole trader

What is a characteristic of a partnership?

• Shared ownership

• Franchise rights

• Sole decision-making

• Limited liability

Which business type is characterized by a single owner?

• Sole trader

• Partnership

• Franchise

• Limited partnership

What is a key feature of franchises?

• Brand licensing

• Sole ownership

• Limited liability

• Partnership agreements

Which of the following describes social enterprises?

• Franchise-based

• Sole proprietorship

• Community-focused

• Profit-driven

What type of business structure allows for shared profits and responsibilities?

• Partnership

• Corporation

• Franchise

• Sole trader

Which of the following is an example of an incorporated business?

• Corporation

• Franchise

• Sole trader

• Partnership