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Business Terms Test Part 2

Total questions: 12

Worksheet time: 15mins

Name
Class
Date
1.

A is a legal designation that can protect small-business owners from personal liability in business obligations.

a)

S Corp

b)

C Corp

c)

LLC or Limited Liability Company

d)

EIN

2.

An  is a tax classification that can protect small-business owners' assets from double taxation.

a)

LLC or Limited Liability Company

b)

C - Corporation

c)

EIN

d)

S-Corporation

3.

A is a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.

a)

C-Corporation

b)

LLC

c)

S-Corporation

d)

EIN

4.

A also known as a Federal Tax Identification Number, is used to identify a business entity. (Hint a Social Security # for your business)

a)

S-Corporation

b)

EIN

c)

LLC

d)

C-Corporation

5.

A is the item offered for sale.

a)

Product

b)

Logo

c)

EIN

d)

Website

6.

is a collection of web pages and related content that is identified by a common domain name and

published on at least one web server.

(a)  

7.

Name 4 different types of customers

4 lines
8.

a person or organization that buys goods or services from a store or business.

a)

Bank

b)

LLC

c)

Customer

9.

a symbol comprised of words, images, and colors that is used to identify a brand or product.

a)

Website

b)

Logo

c)

S-corp

d)

Graphics

10.

What is Target Demographic?

4 lines
11.

What Graphic Design Programs did we use in class to create our logos?

a)

Photoshop & Adobe Illustrator

b)

Canva

c)

Wix

d)

Code

12.

is a presentation that provides a brief but

informative overview of your business.

a)

PITCH DECK

b)

Website

c)

e-commerce

d)

logo