Sole Proprietorships

Sole Proprietorships

12th Grade

31 Qs

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Sole Proprietorships

Sole Proprietorships

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Easy

Created by

William Cowan

Used 2+ times

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31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a basic form of business ownership?

Franchise

Sole proprietorship

Cooperative

Non-profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should your choice of business ownership depend on?

Market trends

Your needs and goals

Competitor strategies

Economic conditions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form of business ownership involves multiple individuals sharing responsibilities?

Sole proprietorship

Partnership

Corporation

Franchise

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form of business ownership is typically characterized by a single individual owning the business?

Corporation

Partnership

Sole proprietorship

Cooperative

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form of business ownership is often associated with limited liability for its owners?

Sole proprietorship

Partnership

Corporation

Cooperative

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a sole proprietorship?

A business owned and operated by one person.

A business owned by two or more partners.

A corporation with shareholders.

A non-profit organization.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In 2019, what percentage of all businesses in the U.S. were sole proprietorships?

50%

73%

85%

60%

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