Types of Businesses

Types of Businesses

8th Grade

10 Qs

quiz-placeholder

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Types of Businesses

Types of Businesses

Assessment

Quiz

Business

8th Grade

Hard

Created by

Elizabeth Filitonga

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following has the simplest business structure

sole trader

partnership

franchise

private company

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Cooperative can be defined as

Trading on your own

an association of people

a community enterprise owned and controlled by a number of people

A complex legal structure

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partnership is an association of people where business partners all receive income

true

false

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an ADVANTAGE of a sole trader business

long hours

responsible for all debt

pressure all on you

full control

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which are disadvantages of a sole trader business

Unlimited liability

Responsible for all debt

Long hours

all of the above

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

There are five different types of businesses

true

false

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following business types are cheap to start up

franchise

private company

public company

sole trader

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