3.1 Buisness Organizations

3.1 Buisness Organizations

1st Grade

27 Qs

quiz-placeholder

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3.1 Buisness Organizations

3.1 Buisness Organizations

Assessment

Quiz

Biology

1st Grade

Easy

Created by

Leonel Roman Avalos

Used 4+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a sole proprietorship?

A business owned by a group of people

A business owned and managed by a single individual

A business owned by the government

A business owned by a corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of businesses are most common in the U.S. today?

Agricultural businesses

Manufacturing businesses

Service-related businesses

Retail businesses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many categories do partnerships fall into?

Two

Three

Four

Five

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a general partnership, how do partners share responsibility and liability?

One partner has all the responsibility

Partners share equally

Only the manager is responsible

No one is responsible

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is required in a limited partnership?

All partners must be general partners

Only one partner is required to be a general partner

No partners are needed

Two partners must be general partners

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a newer type of partnership called?

General Partnership

Limited Partnership

Limited Liability Partnership

Unlimited Partnership

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a corporation?

A type of fruit

A legal entity owned by stockholders

A kind of animal

A type of car

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