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WorksheetsIntro 2 Businss Ch 6
Total questions: 32
Worksheet time: 32mins
Name
Class
Date
1.
Business owned by one person
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
2.
Owner is in charge of every aspect of the business
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
3.
Owner gets to work by themself
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
4.
Owner gets to keep all the profit
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
5.
Income is taxed as a personal income
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
6.
Owner can discontinue anytime they want
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
7.
Owner has to make all decisions by themself
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
8.
Owner is responsible for all the debts and liabilities sustained by the business
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
9.
Common way to start a business if you want to work with someone else
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
10.
Take on fellow business owners' debts with your own
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
11.
Known for breakups and buy-outs
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
12.
Partners' incomes is taxed as personal income
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
13.
Able to lean on one or more for hard decisions and management
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
14.
Owners share the profit and have a legal agreement
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
15.
Business has two or more owners
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
16.
Business has many owners
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
17.
Owners are the shareholders
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
18.
Easier to start up with many owners with many different assets are brought in
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
19.
You can sell shares of stock which brings in captial
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
20.
Owners are not responsible for the business's debt
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
21.
Takes a lot of time, money, and people to start
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
22.
Has many employees and government keeps a close eye on them
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
23.
Are taxed twice a year and they have to pay stock tax
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
24.
Has no owners
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
25.
Purpose is something other than making a profit
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
26.
Known for doing something for a good cause
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
27.
Business that was created for expanding an original business
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
28.
Small details, procedures, hiring and training systems, etc., of conducting the business are already figured out for you
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
29.
Required to sell goods and services a certain way
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
30.
Franchiser has to approve of this business owner to start up their business
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
31.
This is the way to expan a business without the original owner having to open each business in all the different locations
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
32.
Consumers most likely already know about the original business so you don't have to market as strongly to get customers.
a)
Sole-Proprietorship
b)
Partnership
c)
Corporation
d)
Non-Profit
e)
Franchise
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