Types of Businesses Ownerships

Sole proprietorship, partnerships, and corporations are the three types of WHAT?

• Schools

• Businesses

• Companies

• Corporations

A business partnership has ___________ who share the risks and the profits.

• One owner

• Two or more owners

• No more than three owners

• Five or more owners

In which of the following would one person be responsible for all of the risks but also receive all of the profits?

• Corporation

• Partnership

• Sole Proprietorship

• Dual owner business

A business that is most likely to have several branches throughout the world.

• Sole Proprietorship

• Partnership

• Corporation

• Business

Maria is using her savings to open a shop selling clothing from Bahrain. What type of business is it?

• Sole Proprietorship

• Corporation

• Partnership

Google, Amazon, and Facebook are examples of...

• Sole proprietorship

• Partnership

• Corporation

How can anyone have part ownership of a corporation?

• People buy/sell stock

• The government decides

• They sign over ownership

A business that is managed by the board of directors.

• Sole proprietorship

• Partnership

• Corporation

A business that needs to file an article of incorporation.

• Sole proprietorship

• Partnership

• Corporation

Which of the following is an advantage of sole proprietorship.

• Has a lot of capital.

• Is very popular to customers.

• No control in the business.

• Keeps all of the profit.