Final Business Decisions

Final Business Decisions

12th Grade

23 Qs

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Final Business Decisions

Final Business Decisions

Assessment

Passage

Business

12th Grade

Practice Problem

Easy

Created by

Megan Fogle

Used 6+ times

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23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which option involves joining a business that is already owned by relatives?

Entering a family business

Starting a new business

Opening a franchise

Purchasing a competitor's business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a legal agreement that allows someone to market a company's products or services?

Partnership

Franchise

Merger

Acquisition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT mentioned as an entrepreneur option in the diagram?

Purchasing an existing business

Entering a family business

Opening a franchise

Investing in real estate

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of a partnership?

Single ownership

Shared profits and losses

Contribution of money, property, labor, or skill

Two or more people share ownership

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business ownership involves two or more people sharing ownership?

Sole Proprietorship

Partnership

Corporation

Franchise

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a corporation?

A type of partnership

An independent legal entity owned by shareholders

A sole proprietorship

A government agency

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT listed as a potential business location in the text?

Shopping Malls

Beaches

Warehouses

Virtual

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