Eco - Ch.8 Voc. Quiz

Eco - Ch.8 Voc. Quiz

12th Grade

25 Qs

quiz-placeholder

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Eco - Ch.8 Voc. Quiz

Eco - Ch.8 Voc. Quiz

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

miguel rivera

Used 7+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A business that is owned and operated by one person, where the owner is personally responsible for all debts and obligations.

Partnership

Corporation

Sole proprietorship

Franchise

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A business owned by two or more individuals who share profits, responsibilities, and liabilities.

Partnership

Sole proprietorship

Corporation

Franchise

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A partnership where all partners share equal responsibility and liability for the business.

Sole proprietorship

General partnership

Limited partnership

Corporation

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A type of partnership where some partners have limited liability and limited involvement in the business.

General partnership

Sole proprietorship

Limited partnership

Corporation

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A business entity recognized by law as separate from its owners, with rights and responsibilities like an individual.

Sole proprietorship

Partnership

Corporation

Franchise

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A legal document that establishes a corporation, outlining its name, purpose, and governance.

Charter

Stockholders

Common stock

Franchise

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Individuals or entities that own shares in a corporation.

Stockholders

Franchisors

Venture capitalists

Angel investors

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