
Intro to Business Week 6 P1 Explore
Interactive Video
•
Business
•
9th Grade
•
Medium
Miracle Curvy
Used 5+ times
FREE Resource
3 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What defines a sole proprietor?
A business with multiple owners.
A business that has formed a separate legal entity.
A business where the owner and the business are legally indistinguishable.
A business that requires a significant formation fee.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is required if a sole proprietor wishes to operate under a trade name different from their own legal name?
Forming a corporation.
Obtaining a DBA (Doing Business As).
Registering with the federal government.
Paying a fixed $50 fee.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant drawback of operating as a sole proprietor?
High formation fees.
Extensive ongoing maintenance responsibilities.
Lack of personal liability protection.
Inability to use a trade name.
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