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Forms of Business Ownership

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which examples is a sole proprietorship?

a)

McDonald's

b)

Babysitter

c)

Carlie C's

d)

Food Lion

2.

Which examples is a corporation?

a)

Burger King

b)

Barber

c)

Teacher

d)

Schools

3.

Which examples is a partnership?

a)

Popeyes & Chic-Fil-A

b)

Jordan & Nike

c)

Kobe & Lebron

d)

Taco Bell & Doritos

4.

What gives corporations certain rights & privileges?

a)

Teacher Permission

b)

Charter

c)

Contract

d)

Bill of Rights

5.

What is a business owned by two or more people?

a)

Partnership

b)

Corporation

c)

Sole Proprietorship

d)

71st High

6.

Which is an example of someone who owns their own business?

a)

Sole Proprietorship

b)

Ghost Buster

c)

Entrepreneur

d)

Babysitter

7.

Money that investors, banks , or business owners supply

a)

country

b)

city

c)

state

d)

capital

8.

True or False: In a manufacturing business people are free to produce the goods and services they choose

a)

TRUE

b)

FALSE

9.

Which of the following businesses represents a sole proprietorship?

a)

sisters who make custom wedding gowns from a shop in their home

b)

a man who owns and operates a lawn mower repair business by himself

c)

a consulting firm called AAA Engineering, Incorporated

d)

a criminal law firm with multiple senior partners

10.

True or False: going concern is a business entity

a)

TRUE

b)

FALSE