Business Semester Test

Business Semester Test

12th Grade

47 Qs

quiz-placeholder

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Business Semester Test

Business Semester Test

Assessment

Quiz

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12th Grade

Practice Problem

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Aspen Farmer

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47 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the simplest form of business ownership?

Sole proprietorship

Partnership

Corporation

Cooperative

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A corporation is primarily owned by:

Customers

Stockholders

Partners

Managers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of a partnership?

Limited liability

Shared decision-making

Unlimited liability

Ease of start-up

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business structure combines the limited liability of a corporation with the tax benefits of a partnership?

Sole proprietorship

Corporation

Limited liability company (LLC)

Franchise

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following businesses is owned and operated by members for their mutual benefit?

Corporation

Partnership

Franchise

Cooperative

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT part of the marketing mix?

Price

Product

Promotion

Production

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company that markets a luxury car would likely emphasize which element of the marketing mix?

Low pricing

High product quality

Limited promotion

Minimal advertising

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