
Choosing the Right Business Structure for Your Bakery Venture
Interactive Video
•
Business
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main reasons Sally is unsure about which business ownership to choose?
She doesn't have enough money.
She is unsure about the legal requirements.
She wants to understand the pros and cons of each type.
She is worried about competition.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an advantage of a sole proprietorship according to Dave?
Tax-free profits
Shared responsibilities
Easy to start and end
Limited liability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant disadvantage of a sole proprietorship mentioned by Dave?
Limited liability
Complex tax filing
Unlimited liability
High initial costs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one advantage of a partnership as explained by Damian and Bill?
Unlimited liability
Pooling of financial resources
Single decision-maker
No need for agreements
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Damian and Bill, what is a potential issue in partnerships?
Disagreements among partners
Lack of financial resources
Difficulty in hiring employees
High tax rates
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key advantage of a corporation mentioned by Ted?
No need for transparency
Easy to terminate
Unlimited liability
Limited liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of a corporation according to Ted?
Single tax on profits
High initial costs
Limited growth potential
No separation between owners and managers
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