
Forms of business organization
Quiz
•
Business
•
8th Grade
•
Easy
Saima Shaikh
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a general partnership liability of partners is .......................
UNLIMITED
LIMITED
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of business is owned by one person.
Partnership
Sole Proprietorship
Joint venture
Franchise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of business is owned by two or more people.
Sole Proprietorship
Partnership
Joint venture
Franchise
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nike, Google and Apple are examples of.....
Sole proprietorship
Partnership
Public limited companies
Joint venture
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
McDonald's and Burger King are examples of....
Sole Proprietorships
Partnerships
Joint venture
Franchises
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Advantages of this business type are that the owner is their own boss and gets to keep all the profits.
Partnership
Sole Proprietorship
Limited companies
Franchise
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Disadvantages of this business type include: needs a partnership agreement, partners might not get along, owners share profits, unlimited liability.
Sole Proprietorship
Partnership
Franchises
Limited companies
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