Worksheetsbusiness organization
Total questions: 10
Worksheet time: 5mins
It is owned by a single individual who gets all the profit but also shoulders all the costs of the business.
SOLE PROPRIETORSHIP
PARTNERSHIP
CORPORATION
COOPERATIVE
A type of business that is owned by two or more individuals who share both management and potential profit of the business
SOLE PROPRIETORSHIP
PARTNERSHIP
CORPORATION
COOPERATIVE
A form of business organization that is commonly created to offer affordable goods and services to its members.
SOLE PROPRIETORSHIP
PARTNERSHIP
CORPORATION
COOPERATIVE
How many owners does a Sole Proprietorship have?
2
2-3
1
Many
In a partnership, how many owners are there?
1
No Owners
Has many shareholders
2 or more owners
What is the purpose of a Non-profit business structure?
To gain as much profit as possible
Taxed like a corporation
To not make money
A cause that is something other than making a profit
Which of the following statements about a Franchise is incorrect?
Has no owners
Required to sell goods and services a certain way
A way to expand a business without the original owner having to open each business in all the different locations
Business that was created for expanding an original business
Which form of business has many employees and the government keeps a close eye on them?
LLC
Non-Profit
Corporation
Partnership
1. A business that is owned and controlled by one person
is a:
a. cooperative
b. partnership
c. sole proprietorship *
d. corporation
3. A business that provides goods or services without seeking profits for distribution to individual members is a:
a. not-for-profit organization *
b. partnership
c. cooperative
d. corporation
