
Three Forms of Ownership
Quiz
•
Specialty
•
10th Grade
•
Easy
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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