types of business

What is a business owned and operated by one person?

• Sole Proprietorship
• Partnership
• Corporation

What is a business owned and operated by two or more people?

• Sole Proprietorship
• Partnership
• Corporation

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

• Sole Proprietorship
• Partnership
• Corporation
• Franchise

Tags

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

CCSS.RI.6.5

CCSS.RI.5.5

Law firms and doctor's offices are examples of.....

• Sole Proprietorships
• Partnerships
• Corporations
• Franchises

McDonald's and Burger King are examples of....

• Sole Proprietorships
• Partnerships
• Corporations
• Franchises

Advantages of this business include: easier to get money from the bank to start, share skills and share risks.

• Sole Proprietorship
• Partnership
• Corporation
• Franchise

Advantages of this type of business include: easy to start, and you can rely on a good company name and expertise.

• Sole Proprietorship
• Partnership
• Corporation
• Franchise

Which of the following is NOT a type of business ownership?

• partnership

• sole proprietorship

• entrepreneurship

• franchise

Which of the following is a disadvantage of franchise?

• assistance from a parent company

• name recognition

• shared advertising expenses

• must follow parent company business structure

A _______ forms boards to act as governing bodies. It is the most complicated form of business.

• franchise

• partnership

• sole proprietorship

• corporation