
Understanding Business Structures Quiz
Authored by Melissa Ellis
Social Studies
12th Grade
Used 3+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the simplest form of business ownership, typically owned and operated by one individual?
Corporation
Sole Proprietorship
Partnership
Franchise
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are the actual owners of a corporation?
Franchisees
Stockholders
Partners
Franchisors
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business structure involves two or more people sharing ownership and responsibilities?
Sole Proprietorship
Partnership
Corporation
Franchise
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a business that grants the right to use its name and sell its products to others?
Franchisee
Franchisor
Stockholder
Partner
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of partnership limits the liability of some partners to only their investment?
Sole Proprietorship
Limited Partnership
Corporation
Franchise
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you call a person or company that buys the right to use a business’s name and sell its products?
Franchisor
Franchisee
Stockholder
Partner
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business form is recognized as a separate legal entity from its owners?
Sole Proprietorship
Partnership
Corporation
Franchise
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