WorksheetsBusiness Ownership Quiz
Total questions: 15
Worksheet time: 8mins
What name is given to a business that is owned and controlled by one person?
Partnership
LTD
PJK
Sole proprietor
An entrepreneur is
someone looking to travel to France
someone who owns or starts a business
someone who rates businesses based on their profits
Mr. Rovello's brother
Which of these is NOT a characteristic of an entrepreneur?
Creative
Determined
Risk Averse
Risk Taker
Profit can be calculated using:
Revenue - Expenses
Revenue + Expenses
Expenses - Revenue
Expenses + Revenue
Integrity and ethical behavior is extremely important when running a business. True or False?
True
False
Which of these is NOT a skill of an entrepreneur?
Creativity
Interpersonal Skills
Organization
Sleeping
One benefit of being an entrepreneur is having your own independence. True or False?
True
False
A business does not need to worry about continually improving the value it creates for consumers and society. True or False?
True
False
Rivalry among businesses to sell their goods and services is called
Advantage
Seller's market
Direct marketing
Competition
True or False? A Corporation has many owners but when the owners change, the company does not dissolve.
True
False
All of the following are advantages of sole proprietorship EXCEPT
Hard decisions all fall on you.
You keep all the profit.
The person can own the business for any duration of time and sell it whenever they want to.
Income is taxed as personal income.
True or False? A kickstarter is a business that was created for expanding an original business, but opening it in a new location, and where you are required to sell goods and services a certain way.
True
False
What is communication?
Speaking only
Exchanging information online only
Listening, speaking, and other activities
Non-Verbal cues only
By observing body language, or __________, you can gain additional information about a speaker.
Nonverbal cues
Verbal communication
Written words
Digital signals
The most common form of written communication in a business is
Business letter
Tweet
Text
