FBM-4 Business Ownership & Decisions

FBM-4 Business Ownership & Decisions

6th - 8th Grade

15 Qs

quiz-placeholder

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FBM-4 Business Ownership & Decisions

FBM-4 Business Ownership & Decisions

Assessment

Quiz

Business

6th - 8th Grade

Medium

Created by

Vonnie McClung

Used 45+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following business types is owned by ONE person?

Sole Proprietorship

Partnership

Corporation

LLC

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following business types is owned by more than ONE person?

Sole Proprietorship

Partnership

Corporation

LLC

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following business types has the advantage of LIMITED LIABILITY?

Sole Proprietorship

Partnership

Corporation

LLC

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following business types has the disadvantage of UNLIMITED LIABILITY?

Sole Proprietorship

Partnership

Corporation

LLC

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following business types costs the MOST to setup?

Sole Proprietorship

Partnership

Corporation

LLC

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following business types is the EASIEST to setup?

Sole Proprietorship

Partnership

Corporation

LLC

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following business types experience DOUBLE TAXATION?

Sole Proprietorship

Partnership

Corporation

LLC

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