The type of business structure that is owned and operated by only one person is known as a:
Forms of Business Ownership

Quiz
•
Social Studies
•
8th Grade
•
Easy

Dominique Hoad
Used 8+ times
FREE Resource
27 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sole trader
Partnership
Private Company
Public Company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The type of business structure that has between 2 to 20 owners is known as a:
Sole trader
Partnership
Private company
Public company
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business structure generally has fewer than 50 owners, called shareholders?
Sole trader
Partnership
Private company
Public company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of business structure can have an UNLIMITED number of owners in the business, known as shareholders. What is it called?
Sole trader
Partnership
Private company
Public company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which two forms of business structures have unlimited liability?
Sole traders and public companies
Sole traders and partnerships
Private and public companies
Partnerships and private companies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which two forms of business structures have limited liability?
Sole trader and partnerships
Sole trader and public companies
Partnerships and private companies
Public and private companies
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rosie's Crochet Business is an example of a:
Sole trader
Partnership
Public company
Private company
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