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WorksheetsBusiness Basics
Total questions: 12
Worksheet time: 8mins
Name
Class
Date
1.
A single unit business is called
a)
Partnership
b)
Corporation
c)
Independent business
d)
Franchise
2.
What is a chain or franchise
a)
A chain or franchise is a type of transportation
b)
A chain or franchise is a type of fast food
c)
Multiple-unit businesses
d)
A chain or franchise is a type of jewelry
3.
is the form of ownership in which only one person owns the business
a)
Corporation
b)
Sole Proprietorship
c)
Partnership
d)
Franchise
4.
is responsible for the entire single business
(a)
5.
What is a partnership
a)
A partnership is a legal agreement between friends.
b)
A partnership is a business structure where two or more individuals manage and operate a business together.
c)
A partnership involves only one individual managing a business.
d)
A partnership is a type of investment in the stock market.
6.
Corporation is
a)
A type of animal
b)
A type of fruit
c)
A type of car
d)
A legal entity established for the purpose of doing business
7.
the right of partial ownership in a corporation is
(a)
8.
People who own stock in a corporation are called
a)
stockholders
b)
shareholders
c)
investors
d)
stakeholders
9.
A manager of a business can be described as someone who is
a)
responsible for managing a team of employees
b)
in charge of marketing and advertising
c)
tasked with handling customer service issues
d)
responsible making decisions for a business
10.
Recruiting is
a)
Cooking delicious meals
b)
process of looking for the most qualified applicant for the job
c)
Solving complex math problems
d)
Repairing broken appliances
11.
Determining how much each worker should be paid and providing a benefit package
(a)
12.
revenue
a)
Revenue is the total number of employees in a company
b)
Revenue is the cost of goods sold
c)
Revenue is the amount of money spent on marketing
d)
Revenue is the income generated from normal business operations and sales of goods and services.
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