WorksheetsTypes of business
Total questions: 7
Worksheet time: 4mins
Name
Class
Date
1.
This type of business is owned by one person.
a)
Partnership
b)
Sole Trader
c)
Corporation
d)
Franchise
2.
Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, owner might lack skills & unlimited liability.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
3.
Which of the following is a disadvantage of franchise?
a)
assistance from a parent company
b)
name recognition
c)
shared advertising expenses
d)
must follow parent company business structure
4.
McDonald's and Burger King are examples of....
a)
Sole Proprietorships
b)
Partnerships
c)
Corporations
d)
Franchises
5.
Partnership is the relation which subsists between persons who have agreed to combine their property,
labour or skill in some business and to share the profits there from between them.
a)
True
b)
False
c)
Partly true
d)
None of the above
6.
hhh
a)
w
b)
s
c)
v
d)
c
7.
liabilites
a)
w
b)
s
c)
v
d)
c
100 %
