WorksheetsCheck Your Understanding - Business Ownership
Total questions: 10
Worksheet time: 20mins
Physical location of the business is a factor which should influence the type of ownership chosen.
True
False
Which of the following forms boards to act as governing bodies and is the most complicated form of business?
Franchise
Partnership
Sole proprietorship
Corporation
Which of the following is owned and operated by one individual?
Franchise
Partnership
Sole proprietorship
Corporation
Which of the following is the right or license to sell a company’s product or service at a designated location?
Franchise
Partnership
Sole proprietorship
Corporation
A _________ is a legal agreement between two or more people and is the least common form of business.
Sole proprietorship
Partnership
Corporation
Limited Liability Company
Franchise
Which of the following is NOT a financing option suggested in the presentation?
Investors
Loans
Sale of assets
Small Business Administration
Angel investors are wealthy individuals who seek high returns through private investments.
True
False
__________ are words, symbols, names or devices used to specify goods and differentiate one good from others.
Trademarks
Patents
Copyrights
Trade Secrets
Patents are issued by state governments.
True
False
Capital is wealth in the form of money or property.
True
False
