CE 12C Review: Types of Businesses

________________ is money made after expenses have been paid.

• Entrepreneur

• Investment

• Liabilities

• Profit

________________ is using money to make a profit.

• Entrepreneur

• Investment

• Liabilities

• Profit

________________ is a person who starts a business.

• Entrepreneur

• Investment

• Liabilities

• Profit

________________ are responsibilities for debts.

• Investment

• Liabilities

• Profit

• Risk

________________ is taking a chance to win or lose.

• Investment

• Liabilities

• Profit

• Risk

A business with one owner who takes all the risks and keeps all the profit. Which type of business structure is this describing?

• Corporation

• Entrepreneur

• Partnership

• Proprietorship

A business that is authorized by law to act as a legal person regardless of the number or owners. Owner liability is limited to investment. Which type of business structure is this describing?

• Corporation

• Entrepreneur

• Partnership

• Proprietorship

A business with two or more owners who share the risks and the profits. Which type of business structure is this describing?

• Corporation

• Entrepreneur

• Partnership

• Proprietorship

A person who takes a risk to produce goods or services to earn a profit. Which type of business structure is this describing?

• Corporation

• Entrepreneur

• Partnership

• Proprietorship

Which type of business structure can an entrepreneur start?

• Corporation

• Partnership

• Proprietorship

• All of the Above