Business Ownership
Other, Specialty
9th - 10th Grade
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the most common form of business ownership?
Corporation
Company
Sole Proprietorship
LLC
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a sole proprietorship, income and expenses are included on what for the owner?
Personal tax return
Corporate tax return
W-2
I-9
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one perk a sole proprietorship does not have access to?
Employer-funded health insurance
Tax Breaks
Both
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a form of business ownership in which 2 or more people jointly owns a business
Sole Proprietorship
Company
Partnerships
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the US Census Bureau, how many partnerships existed in the US in 2008?
500,000
3.1 Million
1 Million
2 Million
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a form of general partnership formed for a short period of time?
Limited Partnership
Curtailed Partnership
Joint Venture
Timed Partnership
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business can be designated as profit or non-profit?
Corporation
Company
Sole Proprietorship
LLC
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