WorksheetsFBM-4 Business Ownership & Decisions
Total questions: 15
Worksheet time: 9mins
Which of the following business types is owned by ONE person?
Sole Proprietorship
Partnership
Corporation
LLC
Which of the following business types is owned by more than ONE person?
Sole Proprietorship
Partnership
Corporation
LLC
Which of the following business types has the advantage of LIMITED LIABILITY?
Sole Proprietorship
Partnership
Corporation
LLC
Which of the following business types has the disadvantage of UNLIMITED LIABILITY?
Sole Proprietorship
Partnership
Corporation
LLC
Which of the following business types costs the MOST to setup?
Sole Proprietorship
Partnership
Corporation
LLC
Which of the following business types is the EASIEST to setup?
Sole Proprietorship
Partnership
Corporation
LLC
Which of the following business types experience DOUBLE TAXATION?
Sole Proprietorship
Partnership
Corporation
LLC
Which of the following business types experience LIMITED LIABILITY?
Sole Proprietorship
Partnership
Corporation
LLC
Which of the following business types has profits taxed ONCE?
Sole Proprietorship
Partnership
Corporation
LLC
Which of the following business types operates and pays taxes like a proprietorship or partnership, but has limited liability for its owners?
Sole Proprietorship
Partnership
Corporation
LLC
A literary work such as a book is protected by . . .
Copyright
Trademark
Patent
The above image is an example of a . . .
Copyright
Trademark
Patent
A government authority or license conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention.
Copyright
Trademark
Patent
Windows Operating System is protected by . . .
Copyright
Trademark
Patent
A poem can be protected by . . .
Copyright
Trademark
Patent
