Business Ownership Quiz

Business Ownership Quiz

9th - 12th Grade

9 Qs

quiz-placeholder

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Business Ownership Quiz

Business Ownership Quiz

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Seanette Diaz

Used 1+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main types of limited companies? 

Private and Public

Shareholders

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ______ is a business owned and managed by two or more people. 

Franchiser

Joint Venture

Partnership

Mr. Dinler

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the main advantages of a sole trader? 

Complete Control

fun and enjoyable

Keeps the profit

gets boring

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ordinary shareholders are the owners of the company.  

False

Maybe

True

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ______ is a business owned and managed by one person. 

Franchiser

Sole Trader

CEO

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One advantage of a sole trader is ‘the business can often be set up with a small amount of money of _________. 

Stonks

Start-up Capital

Liability

Kenya

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is one of the disadvantages of a partnership? 


Share the profits 

Shares the profit

Shared decision making 

 
Easy to set up a deed of partnership 

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which four statements about the disadvantages of a sole trader are true? 

Unlimited liability

May not be able to raise funds 

Typing Skills(INCORRECT) -> Business skills(Correct)

QR Code

9.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

A _____________ benefits two or more business to work closely together on a business opportunity. (NO CAPS)