Post Assessment - Grade 8: Forms of Business Ownership
Authored by Dorothy Naveen
Business
8th Grade
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes a franchise?
A group of people who share profits equally
A government-owned business
A business format where someone operates under a licensed brand
A temporary business set up for an event
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might a business choose to form a partnership instead of staying a sole trader?
To avoid paying taxes
To share responsibilities and capital
To get listed on the stock exchange
To reduce profits
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which form of business ownership is most likely to enjoy limited liability as a strength of the business?
Sole Traders
Partnership
Limited Companies
Franchise
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What does SWOT stand for?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a threat for most businesses?
Being the owner of the business
Unlimited liability
Having a Separate legal identity
having rivals or competitors
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