Types of Businesses

Types of Businesses

12th Grade

15 Qs

quiz-placeholder

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Types of Businesses

Types of Businesses

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

John Robinson

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of organization is primarily concerned with social causes rather than profit?

For-profit corporation

Non-profit organization

Partnership

Sole proprietorship

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Over 2 million people own stock in American Steel; what type of business is it?

Sole Proprietorship

Partnership

Corporation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Maria is using her savings to open a shop selling clothing from Mexico. What type of business is it?

Sole Proprietorship

Partnership

Corporation

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Louise and Susan are meeting to plan a new advertising campaign for the town newspaper they own. What type of business do they have?

Sole Proprietorship

Partnership

Corporation

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a semi-independent business that pays fees to a parent company called?

Franchise

Sole proprietorship

Cooperative

Conglomeration

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a business that is run like a corporation but does not make money?

a cooperative

a labor union

a non-profit organization

a professional organization

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A father wants to take his son into the business with him should form this type of business.

Sole Proprietorship

Partnership

Corporation

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