Business Structure Questions
Authored by Anne Person
Business
9th Grade
Used 9+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the simplest form of business ownership?
Corporation
Sole Proprietorship
Partnership
LLC
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business ownership has unlimited personal liability?
Sole Proprietorship
Corporation
LLC
Franchise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which business type do two or more people share profits and losses?
Sole Proprietorship
Corporation
Partnership
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major advantage of a corporation?
Easy to set up
Owners have limited liability
Less paperwork
No taxes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business type is considered a separate legal entity?
Sole Proprietorship
Partnership
LLC
Corporation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of a partnership?
High startup cost
Harder to raise money
Risk of partner disagreements
Limited liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business type is the easiest to raise money by selling stock?
Sole Proprietorship
LLC
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