Forms of Business Ownership

Forms of Business Ownership

8th Grade

27 Qs

quiz-placeholder

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Forms of Business Ownership

Forms of Business Ownership

Assessment

Quiz

Social Studies

8th Grade

Easy

Created by

Dominique Hoad

Used 8+ times

FREE Resource

27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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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