Wyatt CE 12a

Wyatt CE 12a

8th Grade

16 Qs

quiz-placeholder

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Wyatt CE 12a

Wyatt CE 12a

Assessment

Quiz

History

8th Grade

Medium

Created by

J Wyatt IV

Used 145+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a proprietorship, the profits are kept by - 
two people 
a group of people 
one person
the government

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who takes a risk to produce goods and services in search of profit - 
entrepreneur
magistrate
profiteer
baliff

3.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

What kind of business is BEST described by these statements?
I am the only owner of my business. 
I take all the risks of doing business. 
I keep all the profits. 
proprietorship
corporation
partnership
cooperative

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of business is BEST described by these statements?
I am the only owner of my business. 
I take all the risks of doing business. 
I keep all the profits. 
proprietorship
corporation
partnership
cooperative

5.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

In which type of organization does one person take all the risks?
corporation 
partnership
monopoly 
proprietorship

6.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

A form of business organization that is authorized to act as a legal entity regardless of the number of owners. 
corporation 
proprietorship
partnership
distributor

7.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

A form of business organization with two or more owners who share the risks and the profits - 
proprietorship
corporation
wholesale
partnership

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