Three Forms of Ownership

Three Forms of Ownership

10th Grade

20 Qs

quiz-placeholder

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Three Forms of Ownership

Three Forms of Ownership

Assessment

Quiz

Specialty

10th Grade

Easy

Created by

Stefani Lindstrom

Used 3+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the three forms of ownership?

Sole Proprietorship

Partnership

Corporation

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form of ownership involves a single individual owning the entire business?

Partnership

Corporation

Sole Proprietorship

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who makes all the decisions and is responsible for all the problems in a sole proprietorship?

The sole proprietor makes all the decisions and is responsible for all the problems in a sole proprietorship.

The board of directors makes all the decisions and is responsible for all the problems in a sole proprietorship.

The shareholders make all the decisions and are responsible for all the problems in a sole proprietorship.

The employees make all the decisions and are responsible for all the problems in a sole proprietorship.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a sole proprietorship?

Large Corporation

Small Restaurant

Government Agency

Non-Profit Organization

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of a sole proprietorship?

Limited liability

Single owner

Multiple shareholders

Corporate tax rates

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are the owners of a corporation?

Employees

Stockholders

Managers

Customers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which lodging market segments involves people attending a specific event?

Business

Conventions and Meetings

Leisure

Budget

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