Ent Unit 2 Practice 3

Ent Unit 2 Practice 3

12th Grade

25 Qs

quiz-placeholder

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Ent Unit 2 Practice 3

Ent Unit 2 Practice 3

Assessment

Quiz

Science, Social Studies

12th Grade

Practice Problem

Medium

Created by

Ria Ali

Used 3+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which of the following types of ventures is reduced profit due to payment of royalty fees a major DISADVANATGE?

Franchise

Sole trader

Private company

State-owned enterprise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The primary purpose of a cooperative is to

reach the breakeven point

push the economic interest of its members

improve the standard of living of the country

bring together a group of existing companies to form one company

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One advantage of the franchise approach to business is that the entrepreneur gets more

profit

capital

partners

guidance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following feasibility analyses assesses whether or not a new business venture will provide return on investment?

Industry

Financial

Technical

Marketing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a form of equity financing?

Loan

Debenture

Personal funds

Issuing of bonds

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An organization that has a separate legal identity from its owners is BEST termed

corporate organization

non-corporate organization

limited liability organization

unlimited liability organization

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A form of organization where the owner has total control of the business and is liable for all debts incurred is specifically

franchise

limited liability

partnership

sole trader

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