BUSINESS BUZZZZ

BUSINESS BUZZZZ

11th - 12th Grade

25 Qs

quiz-placeholder

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BUSINESS BUZZZZ

BUSINESS BUZZZZ

Assessment

Quiz

Business

11th - 12th Grade

Hard

Created by

manju sai

Used 7+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Sara’s Hair Palace is a small, locally owned beauty salon in Sterling. This represents what type of business?

corporation

partnership

sole proprietorship

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Susie is starting her own lemonade store. What economic term would best describe Susie and what does that term mean?

Consumer

Partner

sole proprietor

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Dan has $5,000. He wants to invest his money in the type of business that has the least amount of liability. In which type of business should he invest?

company

partnership

proprietorship

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A business partnership has ___________ who share the risks and the profits.
One owner
No more than three owners
Two or more owners
Five or more owners

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is an advantage of sole proprietorships:
Limited liability
Unlimited financial power
Dual taxation
Quick decision making

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a disadvantage of sole proprietorships:
Limited capital
Control 
Privacy
Tax liability

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

This type of business is owned by many people called shareholders.

Sole Proprietorship

Partnership

joint stock company

HUF

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