Of the MAJOR forms of business ownership in the U.S., which is the LEAST common?

Business and Office Skills Worksheet

Quiz
•
Business
•
9th Grade
•
Medium
Kimberly Herrington
Used 2+ times
FREE Resource
65 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Partnerships
Corporations
Proprietorships
Franchises
Answer explanation
Partnerships are the least common form of business ownership in the U.S. compared to proprietorships, corporations, and franchises, which are more prevalent due to their distinct advantages and structures.
2.
DROPDOWN QUESTION
30 sec • 1 pt
A precise statement of results a business expects to achieve is a (a) .
Mission statement
Goal
Vision
Motto
Answer explanation
A mission statement clearly defines the specific results a business aims to achieve, making it the correct choice. Goals are broader, while vision and motto serve different purposes.
3.
DROPDOWN QUESTION
30 sec • 1 pt
Generally, you should try to limit your resume to (a) .
1 page
2 pages
No set limit
3 pages
Answer explanation
Generally, a resume should be limited to 1 page to ensure clarity and conciseness. This allows you to highlight your most relevant experiences without overwhelming the reader.
4.
DRAG AND DROP QUESTION
30 sec • 1 pt
If you leave your job, try to tell your employer at least (a) .
2 days
1 week
2 weeks
1 month
Answer explanation
When leaving a job, it's standard to provide a 2-week notice. This allows your employer time to prepare for your departure and find a replacement, ensuring a smoother transition for both parties.
5.
DROPDOWN QUESTION
30 sec • 1 pt
5. Take home pay is (a) .
Amount of paycheck before taxes and other payroll deductions
Money you have to spend from working plus any other income
The amount you will receive when you cash your paycheck.
Cash inflows minus cash outflows.
Answer explanation
Take home pay refers to the net amount available for spending after taxes and deductions, which includes income from work and other sources, making 'Money you have to spend from working plus any other income' the correct choice.
6.
DROPDOWN QUESTION
30 sec • 1 pt
The act of exchanging information is (a) .
Communication
Data Transfer
Information Sharing
Interaction
Answer explanation
The act of exchanging information is best described as 'Communication'. This term encompasses the process of conveying messages, ideas, or data between individuals or groups, making it the most accurate choice.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What three words are on the FBLA emblem?
Service, education, progress
Service, education, prosperity
Education, leadership, service
Education, leadership, community
Answer explanation
The FBLA emblem features the words 'Service, education, progress,' which represent the organization's commitment to fostering leadership and professional development among students.
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