Types of Business Structures
Authored by James Crutchley
English
9th Grade
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business is described as: A bakery owned and operated by one person?
Sole Proprietorship
Partnership
Corporation
Franchise
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business is described as: A dental clinic run by two partners who share responsibilities and profits?
Sole Proprietorship
Partnership
Corporation
Cooperative
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business is described as: A tech company that sells stock to the public and pays corporate taxes?
Sole Proprietorship
Partnership
Corporation
Nonprofit Organization
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business is described as: A law firm where all partners are protected from each other's liabilities?
Limited Liability Partnership (LLP)
Sole Proprietorship
Franchise
Cooperative
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business is described as: A small retail store using a famous brand’s logo, layout, and systems?
Franchise
Corporation
Partnership
Nonprofit Organization
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business is described as: A company where investors can’t lose more than they put in, but one founder has full control?
Limited Liability Company (LLC)
Sole Proprietorship
Cooperative
Franchise
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business is described as: A grocery store owned and operated by members who benefit from using its services?
Cooperative
Corporation
Franchise
Partnership
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