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Business Ownership & Registration

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Capital is wealth in the form of money or property.

a)

False

b)

True

2.

Physical location of the business is a factor which should influence the type of ownership chosen.

a)

False

b)

True

3.

Which of the following forms boards to act as governing bodies and is the most complicated form of business?

a)

Corporation

b)

Partnership

c)

Sole proprietorship

d)

Franchise

4.

Patents are issued by state governments.

a)

True

b)

False

5.

___________ are words, symbols, names or devices used to specify goods and differentiate one good from others.

a)

Copyrights

b)

Patents

c)

Licenses

d)

Trademarks

6.

Which of the following is owned and operated by one individual?

a)

Franchise

b)

Corportation

c)

Sole proprietorship

d)

Partneship

7.

Which of the following is the right or license to sell a company’s product or service at a designated location?

a)

Partnership

b)

Franchise

c)

Sole proprietorship

d)

Corporation

8.

A _________ is a legal agreement between two or more people and is the least common form of business.

a)

Franchise

b)

Partnership

c)

Sole proprietorship

d)

Corporation

9.

Which of the following is NOT a financing option suggested in the presentation?

a)

Investors

b)

Loans

c)

Small Business Administration

d)

Sale of assets

10.

Angel investors are wealthy individuals who seek high returns through private investments.

a)

False

b)

True