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WorksheetsTypes of Businesses
Total questions: 7
Worksheet time: 4mins
Name
Class
Date
1.
What type of business has only one owner
a)
Partnership
b)
Corporation
c)
Sole Proprietorship
d)
Dual Partnership
2.
What type of business sells stocks and bonds
a)
Sole owner
b)
Partnership
c)
Corporation
d)
Schools
3.
What type of business is Walmart considered?
a)
Sole partnership
b)
Corporation
c)
Partnership
d)
Sporting goods
4.
A sole proprietor business would have unlimited life?
a)
True
b)
False
5.
One benefit of a partnership is
a)
unlimited liability
b)
stocks and bonds
c)
unlimited life
d)
joint responsibility
6.
A limited liability partnership means
a)
liability is unlimited
b)
liability is shared up to a certain percentage
c)
no liabilities
7.
Which organization has a Board of Directors?
a)
Partnership
b)
Single liability ownership
c)
Corporation
d)
Hybrid Corportation
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