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Types of Businesses

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Name the 4 Types of Business:

a)

franchise, corporation, partnership, sole proprietorship

b)

sole proprietorship, club, non-profit, franchise

c)

accounting, marketing, advertising, corporation

d)

Nike, State Farm, Hobby Lobby, Subway

2.

Which is a reason to NOT start a business:

a)

To make a profit

b)

Make your own schedule

c)

Pursue your dreams

d)

To pay back loans

3.

Which is NOT a function of a business?

a)

accounting

b)

employee benefits

c)

human resources

d)

marketing

4.

Which is an example of a good?

a)

television repair

b)

pedicure

c)

shoes

d)

haircut

5.

Walmart is an example of a:

a)

single owner

b)

partnership

c)

corporation

d)

non-profit

6.

A father who wants to take his son into the business with him should form a......

a)

non-profit

b)

franchise

c)

corporation

d)

partnership

7.

Someone who wants to control all aspects of the business should form this type of business.

a)

non-profit

b)

partnership

c)

sole proprietorship

d)

franchise

8.

Which is an example of a service?

a)

furniture

b)

groceries

c)

dog grooming

d)

clothing

9.

A disadvantage of a franchise would be....

a)

having to move

b)

not enough employees

c)

too much control

d)

limited control

10.

What type of business does not exist to earn revenue but to help others or serve a need in a community?

a)

partnership

b)

corporation

c)

non-profit

d)

franchise