Business Essentials
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
John Robinson
FREE Resource
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a trough?
A
B
C
D
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a form of business ownership in which 2 or more people jointly owns a business
Sole Proprietorship
Company
Partnerships
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Advantage of this business is that owner keeps all the profit and is his own boss
Partnership
Sole proprietorship
Corporation
Franchise
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
One advantage of a partnership is that there are more sources of capital available than in a sole proprietorship.
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
-Publicly traded company
-Governed by Board of Directors
-CEO, COO, CFO
-Stocks sold to raise capital
Corporation
Limited Liability Company
Partnership
Cooperative
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Someone who is self-employed and runs their own business is likely to be a ...
Partnership
Sole trader
Limited company
Public limited company
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary purpose of a business plan?
To secure funding
To hire employees
To advertise products
To set prices
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