Business Ownership Study Guide
Authored by Jordan Marcum
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Used 4+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Difficult and costly to start
Sole Proprietorship
Partnership
Corporation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Easiest form to start and most common form of business.
Sole Proprietorship
Partnership
Corporation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unlimited legal and financial responsibility is shared.
Sole Proprietorship
Partnership
Corporation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Requires an agreement to start
Sole Proprietorship
Partnership
Corporation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Requires a charter filed with the government to start
Sole Proprietorship
Partnership
Corporation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Owner keeps all of the profits
Sole Proprietorship
Partnership
Corporation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Double taxation
Sole Proprietorship
Partnership
Corporation
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