Business Organizations

Business Organizations

10th Grade

10 Qs

quiz-placeholder

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Business Organizations

Business Organizations

Assessment

Quiz

Social Studies

10th Grade

Medium

Created by

Kameke Payne

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sole proprietor is a business owned and managed by

a company

A single individual

Team of individuals

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not an advantage of a sole proprietor?

Difficult to obtain a license and start

Few regulations

Owner can keep all profits

Owner has full control of the business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A legal obligation to pay debts

fringe benefits

zoning laws

liability

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What are 2 disadvantages of a sole proprietor?

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business organization owned by two or more persons who agree on a specific division of responsibilities and profits.

General Partnership

partnership

sole proprietor

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an advantage of a partnership?

Unlimited Liability

potential for conflict

Ease of Start up

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which is an advantage of a franchise?

Management training and support

Strict operating standards

purchasing restrictions

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