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Bus Ownership & Registration (icevonline)

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

Physical location of the business is a factor which should influence the type of ownership chosen.

a)

True

b)

False

2.

Capital is wealth in the form of money or property.

a)

True

b)

False

3.

Patents are issued by state governments.

a)

True

b)

False

4.

Which of the following forms boards to act as governing bodies and is the most complicated form of business?

a)

Corporation

b)

Franchise

c)

Partnership

d)

Sole proprietorship

5.

Which of the following is owned and operated by one individual?

a)

Corporation

b)

Franchise

c)

Partnership

d)

Sole Proprietorship

6.

___________ are words, symbols, names or devices used to specify goods and differentiate one good from others.

a)

Copyrights

b)

Licenses

c)

Patents

d)

Trademarks

7.

Angel investors are wealthy individuals who seek high returns through private investments.

a)

True

b)

False

8.

Which of the following is the right or license to sell a company’s product or service at a designated location?

a)

Corporation

b)

Franchise

c)

Partnership

d)

Sole proprietorship

9.

Which of the following is NOT a financing option suggested in the presentation?

a)

Investors

b)

Loans

c)

Sale of Assets

d)

Small Business Administration

10.

A _________ is a legal agreement between two or more people and is the least common form of business.

a)

Corporation

b)

Franchise

c)

Partnership

d)

Sole proprietorship