Business Structures Quiz

Business Structures Quiz

10th Grade

10 Qs

quiz-placeholder

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Business Structures Quiz

Business Structures Quiz

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

Matthew Miller

Used 3+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

John is starting a small bakery and wants to have complete control over the business decisions and profits. Which type of business structure should he consider?

Corporation

Sole Proprietorship

Partnership

Limited Liability Company

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Emily and Sarah are planning to open a boutique together. They want to share the responsibilities and profits equally. Which business structure is most suitable for them?

Sole Proprietorship

Corporation

Partnership

Limited Liability Company

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Michael wants to start a tech company and is concerned about personal liability. He also wants to attract investors by issuing shares. Which business structure should he choose?

Sole Proprietorship

Partnership

Corporation

Limited Liability Company

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lisa is considering starting a freelance graphic design business. She wants to keep things simple and avoid complex regulations. Which business structure is most appropriate for her?

Corporation

Sole Proprietorship

Partnership

Limited Liability Company

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tom and Jerry want to start a business together but are worried about personal liability. They also want the flexibility of a partnership. Which business structure should they consider?

Sole Proprietorship

Corporation

Partnership

Limited Liability Company

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following business structures is considered a separate legal entity from its owners, providing them with limited liability?

Sole Proprietorship

Partnership

Corporation

Limited Liability Company

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anna wants to start a business where she can enjoy the tax benefits of a partnership but also have limited liability protection. Which business structure should she choose?

Sole Proprietorship

Corporation

Partnership

Limited Liability Company

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