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Worksheets3 Types of Businesses and Entrepreneurs
Total questions: 20
Worksheet time: 11mins
A very large business with branches all over the world.
Sole Proprietorship
Partnership
Corporation
A father who wants to take his son into the business with him should form this type of business.
Sole Proprietorship
Partnership
Corporation
Someone who wants to control every aspect of their business should form this type of business.
Sole Proprietor
Partnership
Corporation
Over 2 million people own stock in American Steel; what type of business is it?
Sole Proprietorship
Paartnership
Corporation
Maria is using her savings to open a shop selling clothing from Mexico. What type of business is it?
Sole Proprietorship
Partnership
Corporation
Louise and Susan are meeting to plan a new advertising campaign for the town newspaper they own. What type of business do they have?
Sole Proprietorship
Partnership
Corporation
When Luigi's Pizzeria went out of business, he was still responsible for paying all of the restaurant's bills. What type of business did he have?
Sole Proprietorship
Partnership
Corporation
Marco's computer repair business has limited financial resources. What type of business is it?
Sole Proprietorship
Partnership
Corporation
This business is long lasting, extending over several generation of owners; what type of business is it?
Sole Proprietorship
Partnership
Corporation
This business is legally separate from individual owners, and the owners are not personally responsible for debts and obligations of the business. What type of business is it?
Sole Proprietorship
Partnership
Corporation
When one owner dies, the business usually ends. What type of business is it?
Sole Proprieetorship
Partnership
Corporation
Stockholders get paid when this type of business makes money.
Sole Proprietorship
Partnership
Corporation
Max's Cupcake Shop is probably an example of a ...
Sole Proprietorship
Partnership
Corporation
Google, Amazon, and Facebook are examples of...
Sole Proprietorships
Partnerships
Corporations
Tracey and Doug's Dog Wash Boutique is probably an example of a...
Sole Proprietorship
Partnership
Corporation
Lillian receives all of the profits and is personally responsible of all of the losses of her business; what type of business does she have?
Sole Proprietorship
Partnership
Corporation
Which of the following statements describe an entrepreneur? Check all that apply.
commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
play a key role in any economy, using the skills and initiative necessary to anticipate needs and bringing good new ideas to market.
an individual who creates a new business, bearing most of the risks and enjoying most of the rewards
a person who works for someone else
Entrepreneurship that proves to be successful in taking on the risks of creating a startup is rewarded with profits, fame, and continued growth opportunities.
True
False
Who can be an entrepreneur?
Only the wealthy
People with a college degree
People over the age of
Anyone
