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WorksheetsBusiness
Total questions: 21
Worksheet time: 16mins
What is a Sole Proprietorship?
Business owned by president
Business owned by several companies
Business owned by one person
Business owned by a company
Sole proprietorship business can be started by
at least seven persons
any one person
at least two persons
at least three persons
Sole proprietorship business owner has
Restricted Liability
No Liability
Unlimited Liability
Limited Liability
No paperwork (charter or agreement) is required to start which type of business?
Partnership
Franchise
Sole Proprietorship
Corporation
Which type of business allows the owner to keep all of the profit for him/herself?
Partnership
Franchise
Sole Proprietorship
Corporation
Mr. Wells owns a card shop. Because baseball cards have declined in popularity his business is struggling. He decides he has to sell his house to pay off his business debts.
Sole Proprietorship
Partnership
Corporation
Unger and Unger is a law firm consisting of two brothers who started their own business. They both are responsible for all profits and risks that their firm will have.
Sole Proprietorship
Partnership
Corporation
Walmart, FedEx, Dell, Lays, & Pepsi are all examples of
Corporations
Partnerships
Kayne
Sole Proprietorships
Which of the following is an example a non-profit?
Red Cross
McDonald's
Wendy's
IKEA
True or False: There are more sole proprietorships in America.
True
False
True or False: There is less money being spent in corporations.
True
False
