Types of Business Ownerships

Types of Business Ownerships

9th - 12th Grade

18 Qs

quiz-placeholder

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Forms of Business Ownership

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Types of Business Ownerships

Types of Business Ownerships

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Tracie Crowley

Used 70+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Brea, Robert, and Lincoln are college friends who want to start a business. Brea has creative ability, Robert's expertise is selling, and Lincoln's expertise is management. However, each has limited capital. Their ideal type of business ownership is a

merger

partnership

franchise

corporation

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If all of the individuals who own a business share unlimited liability for the business's losses, these individuals are part of a (n)

private corporation

general partnership

"S" corporation

"C" corporation

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The Scott Company decided to sell stock to raise capital. Under what form of business ownership does the company operate?

corporation

cooperative

partnership

sole proprietorship

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of corporation may be owned by just a few people and does not offer its shares for sale to the general public?

limited

franchise

"C"

private

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A type of corporation that was developed to hep small businesses by taxing them as individuals in a partnership is a (n) corporation.

"S"

"C"

private

limited

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What type of corporation sells millions of shares and must provide complete information about its earnings, assets, and debts?

"C"

private

"S"

limited

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The American Red Cross is an example of a(n) corporation.

hybrid

nonprofit

"S"

"C"

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