WorksheetsTypes of businesses
Total questions: 13
Worksheet time: 13mins
I am the only owner of my business.
I take all the risks of doing business.
I keep all the profits.
What is a corporate structure in the United States whereby the owners are not personally liable for the company's debts or liabilities?
Manufacturing business
Corporation
Limited Liability Company
Hybrid Business
Commercial enterprise that dedicates itself to buying already made products and reselling them to make profit?
Merchandising Business
Limited Liability Company
Partnership
Service Business
This business takes raw materials and mass produces goods. Usually it uses robots, computers, assembly lines, and human labor to make goods.
Proprietorship
Partnership
Merchandising Business
Manufacturing Business
What kind of business specializes in performing services for the consumers?
Corporation
Service Business
Hybrid Business
Partnership
What business is a combination of the traditional business firms and the internet? These businesses not only specialize in traditional methods of distribution, but also ways using different technology.
Hybrid Business
Merchandising Business
Limited Liability Company
Corporation
