Unit 1 Exploring Business Intro Quiz

Unit 1 Exploring Business Intro Quiz

11th Grade

12 Qs

quiz-placeholder

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Unit 1 Exploring Business Intro Quiz

Unit 1 Exploring Business Intro Quiz

Assessment

Quiz

Business

11th Grade

Medium

Created by

Alice McGinty

Used 6+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Which type of business ownership is most likely to reinvest profits into the organization to further its mission?

Private

Public

Not-for-profit

Cooperative

2.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Which type of private business is owned and operated by a group of individuals for their mutual benefit?

Sole trader

Partnership

Cooperative

Private limited company

3.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Which type of private business is often formed to provide a service to its members?

Sole trader

Partnership

Cooperative

Private limited company

4.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Which type of business ownership is typically funded by donations and grants?

Private

Public

Not-for-profit

Cooperative

5.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Which type of business is typically owned by shareholders and aims to maximize profits for them?

Sole trader

Partnership

Public limited company

Cooperative

6.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Which type of business ownership is characterized by limited liability for its owners?

Sole trader

Partnership

Private limited company

Cooperative

7.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Which type of business is most likely to be managed by a board of directors elected by its members?

Sole trader

Partnership

Cooperative

Private limited company

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