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WorksheetsBusiness Categories
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Which is not one of the three main business categories?
a)
Sole Proprietorship
b)
Corporation
c)
Franchise
d)
Partnership
2.
Which category of business suffers from double taxation?
a)
Corporations
b)
Sole Proprietorships
c)
S-Corporations
d)
Partnerships
3.
This corporation is created for the sole purpose of providing aid to a particular group.
a)
Franchise
b)
Nonprofit
c)
For Profit
d)
S-corporation
4.
This category of business is the easiest to start up
a)
Corporation
b)
Franchise
c)
Partnership
d)
Sole Proprietorship
5.
When your own personal savings can be taken because your business is sued, this is known as...
a)
Unlimited Liability
b)
Bad JuJu
c)
Habeas Corpus
d)
Writ of Certiorari
6.
Which of these businesses is its own entity?
a)
Limited Liability Partnership
b)
Sole Proprietorship
c)
Partnership
d)
Corporation
7.
Most business in the United States are...
a)
Sole Proprietorships
b)
Partnerships
c)
Cooperatives
d)
Limited Liability Companies
8.
The business category that holds the majority of the money in the United States is...
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Joint Venture
9.
Two businesses that work together equally to provide a service or product through a newly created company is known as...
a)
Franchise
b)
Nonprofit
c)
S-corporation
d)
Cooperative
10.
The only type of business that is not concerned with profits is...
a)
Joint Venture
b)
Nonprofit
c)
S-corporation
d)
Limited Liability Company
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