Business Ownership, Operations and Financial Literacy Quiz

Business Ownership, Operations and Financial Literacy Quiz

9th Grade

30 Qs

quiz-placeholder

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Business Ownership, Operations and Financial Literacy Quiz

Business Ownership, Operations and Financial Literacy Quiz

Assessment

Quiz

Business

9th Grade

Practice Problem

Easy

Used 2+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business owned and operated by one person is known as:

Corporation

Franchise

Sole proprietorship

Partnership

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following describes a partnership?

Business owned by a single individual

Business with two or more co-owners sharing responsibility

Business operating under an established brand

Business as a separate legal entity

3.

MATCH QUESTION

30 sec • 1 pt

Match the following characteristics with the type of business entity:

Non-existent Entity

It is a separate legal entity with limited liability

Sole Proprietorship

It does not require regulation

Unregulated Business

It operates without liability

Corporation

It is run by one person

4.

MATCH QUESTION

30 sec • 1 pt

Match the following business types with their characteristics.

Owned and operated by two or more people

Corporation

Owned and operated by one person

Franchise

A legal entity separate from its owners

Partnership

Allows operation under a recognized brand

Sole proprietorship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an advantage of a sole proprietorship?

Limited liability

Ease of starting the business

Shared ownership

Government funding

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bakery owned by one person is an example of a:

Partnership

Sole proprietorship

Corporation

Franchise

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Two friends co-own a landscaping business and split profits equally. This is an example of a:

Sole proprietorship

Partnership

Corporation

Franchise

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