Business Ownership Quiz

A business owned by one person.

• Sole Proprietorship

• Partnership

• Corporation

• Limited Liability Company

A business that ends when the owner dies.

• Sole proprietorship

• Partnership

• Corporation

• Franchise

A company that can act as people do is called a _______.

• Corporation

• Partnership

• Sole Proprietorship

• Non-Profit Organization

Which business structure has the most government regulation?

• Sole Proprietorship

• Partnership

• Corporation

A business owned by two or more people who share its risks and rewards.

• Partnership

• Sole Proprietorship

• Corporation

• Franchise

Which type of business entity pays taxes twice?

• Sole Proprietorship

• Partnership

• Corporation

A business in which personal assets can be seized to pay for debts.

• Sole Proprietorship

• Partnership

• Corporation

The easiest way to organize a business is as a...?

• Sole Proprietorship

• Partnership

• Corporation

Which business ownership has an easy start-up business?

• Corporation

• Sole Proprietorship

• Franchise

• Nonprofit

Which business(es) have limited liability? (responsible for only capital invested in business.

• Corporation

• Sole Proprietorship

• Partnership