Types/Forms of Business

Types/Forms of Business

8th Grade

10 Qs

quiz-placeholder

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Types/Forms of Business

Types/Forms of Business

Assessment

Quiz

Other

8th Grade

Medium

Created by

S. Shelton

Used 45+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A hybrid business is one that can be classified as a combination of more than one type of business.
True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The three main type of businesses are:
service, manufacturing, & hybrid
service, manufacturing, & LLC's
service, manufacturing, & merchandising
manufacturing, merchandising & hybrid

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _________________________ business combines raw materials, labor, and factory overhead into the production of products.
merchandising
manufacturing
sole proprietorship
partnership

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sole proprietorship business can be owned by more than one person.
True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A corporation's ownership is represented by ______________________.
corporation papers
the partners in the business
shares of stock
customers using their services

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

LLC stands for Limited Language Corporation.
True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cooperative is a business owned by a grou of individuals and is opeated for their mutual benefit.  The persons making up the group are called ________.
shareholders
partners
owners
members

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