What Am I - Business Types Practice
Authored by Bobbie Jones
Business
10th Grade
Used 2+ times
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20 questions
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1.
DRAG AND DROP QUESTION
1 min • 1 pt
I am owned by just one person who makes all the decisions and takes all the profits. What am I? (a)
2.
DRAG AND DROP QUESTION
1 min • 1 pt
I involve two or more people sharing ownership, responsibilities, and profits. What am I? (a)
3.
DRAG AND DROP QUESTION
1 min • 1 pt
I have shareholders who own parts of the company, and we are managed by a board of directors. What am I? (a)
4.
DRAG AND DROP QUESTION
1 min • 1 pt
I offer limited liability to my owners, and my income is taxed only once at the personal level. What am I? (a)
5.
DRAG AND DROP QUESTION
1 min • 1 pt
I provide limited liability protection to my members, and I can choose how I want to be taxed. What am I? (a)
6.
DRAG AND DROP QUESTION
1 min • 1 pt
I allow someone to use a well-known brand and business model in exchange for fees and royalties. What am I? (a)
7.
DRAG AND DROP QUESTION
1 min • 1 pt
I am the simplest and easiest type of business to start, but my owner is personally liable for all debts. What am I? (a)
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