WorksheetsTypes of Business Ownership
Total questions: 25
Worksheet time: 56mins
If you buy a franchise, you are a(n)
franchisor
franchise
agent
franchisee
Which of these are owned by shareholders?
corporation
sole proprietorship
partnership
When one company buys its competitor, it is called a
partnership
corporation
infringement
merger
A business that is owned by two or more people who share the risk of loss and the chance for profit is known as a:
partnership.
sole proprietorship.
franchise.
corporation.
Name the business type.
Susan starts a jewelry-making business she calls "Susan's Treasures."
sole proprietorship
corporation
partnership
Name the business type.
Nike Inc.
sole proprietorship
corporation
partnership
Name the business type.
Ben and Jerry decided to go into the ice cream business together.
corporation
sole proprietorship
partnership
Name the business type.
REI has thousand of stock owners who share ownership of the business.
partnership
corporation
sole proprietorship
Name the business type.
"Helping Hands Childcare" is a local business owned by Nancy Williams.
partnership
corporation
sole proprietorship
Name the business type.
John tutors Chemistry to local high school students.
sole proprietorship
corporation
partnership
Name the business type.
Microsoft has two owners (Bill Gates and Paul Allen)
partnership
corporation
sole proprietorship
Name the business type.
Timothy owns a 711 in Richmond, VA. He is a part-owner of the franchise.
sole proprietorship
corporation
partnership
Allen and Allen Law Firm
corporation
partnership
corporation
Lucy has her own business selling boutique clothing in New York.
sole proprietorship
corporation
partnership
An individual who starts a business
corporation
Franchisee
entrepreneur
John, Robert, and Charles were college friends who wanted to start a business. John has creative ability, Robert's expertise is selling, and Charles' expertise is management. However, each has limited capital. The ideal business ownership for these young men is a
Merger
Partnership
Franchise
Corporation
Sara’s Hair Palace is a small, locally owned beauty salon in Sterling. This represents what type of business?
Company
Partnership
Sole proprietorship
