Forms of Business
Authored by Carlon Gittens
Business
11th Grade
Used 3+ times
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86 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a type of business ownership?
Sole Proprietorship
Partnership
Corporation
All of the above
2.
MATCH QUESTION
30 sec • 1 pt
Match the following forms of business with their characteristics:
Sole Proprietorship
Owned by two or more people.
Corporation
Owned by one person.
Partnership
Separate legal entity.
3.
DROPDOWN QUESTION
30 sec • 1 pt
A (a) is a business owned by shareholders and is a separate legal entity.
Sole Proprietorship
Partnership
Corporation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is 'price skimming'?
A pricing strategy involving high initial prices
A method of reducing production costs
A technique for increasing market share
A way to improve customer satisfaction.
5.
MATCH QUESTION
30 sec • 1 pt
Match the following terms with their definitions:
Delegation
Acting like an entrepreneur within a large organization.
Intrapreneurship
The process of negotiating work conditions
Collective Bargaining
Assigning responsibility to others
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a type of business structure?
Sole trader
Partnership
Private limited company
All of the above
7.
MATCH QUESTION
30 sec • 1 pt
Match the following business concepts with their descriptions:
Businesses that operate primarily on the internet.
Online businesses
A business that aims to address social issues
Franchising
A business model that allows individuals to operate a branch of a larger company
Social enterprise
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