Business Ownership Quiz

Business Ownership Quiz

12th Grade

15 Qs

quiz-placeholder

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Business Ownership Quiz

Business Ownership Quiz

Assessment

Quiz

Other

12th Grade

Medium

Created by

Ahlem Chatti

Used 4+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a sole proprietorship?

A business owned by multiple partners

A business owned by a franchisee

A business owned by one person

A business owned by shareholders

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an advantage of partnerships?

More talent and money

Lack of continuity

Unlimited liability

Limited resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key disadvantage of corporations?

Simple decision making

Unlimited liability

Double taxation

Easy to set up

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business ownership has limited liability for its owners?

Franchise

Corporation

Partnership

Sole proprietorship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a franchise?

A partnership between two companies

A type of corporation

A legal agreement allowing one business to operate under another's brand

A business owned by a single individual

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of a corporation?

Easy to form

No regulatory compliance

Limited liability for shareholders

Owned by a single individual

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a disadvantage of sole proprietorships?

Easy to set up

All profits go to the owner

Unlimited liability

Simple decision making

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