Business Structure Advantages Quiz

Ethan is considering starting a new business and is evaluating different business structures. Which of the following is an advantage of choosing a corporation as a form of a business structure?

• Limited liability

• Less complex requirements

• High Taxes

• Separate owners and managers

Aria has started her own bakery business. Advantages of this business type are that she is her own boss and gets to keep all the profits.

• Sole Proprietorship

• Partnership

• Corporation

• Franchise

Abigail owns a bakery by herself. What type of business does she have?

• Sole Proprietorship

• Partnership

• Corporation

• Franchise

Charlotte is considering starting her own bakery. The disadvantages of this business structure include unlimited liability, difficulty raising financial capital, difficulty attracting qualified employees, and having a limited life.

• Sole Proprietorship

• Partnership

• Corporation

• Oligopoly

Aiden and Maya are starting a new business and want to organize their jobs based on areas of expertise. In which business structure can they achieve this?

• partnership

• franchise

• corporation

• sole proprietorship

Kai and Rohan are considering starting a business together. They are discussing different business structures and realize that decision making tends to be slower (not the slowest) in this business structure than in a sole proprietorship.

• partnership

• sole proprietorship

• franchise

• corporation

Maya is considering starting a business and is evaluating different business structures. Which of the following is a disadvantage of corporations?

• High taxes

• Unlimited life

• Unlimited liability

• financial power

Harper is considering opening a new business and is evaluating different business structures. A major advantage of one option is that the product is well-known and there are advertisements nationwide of the brand. Which business structure is this?

• franchise

• corporation

• partnership

• sole proprietorship

Emma owns a business where she is not allowed to change the products she sells.

• franchise

• corporation

• sole proprietorship

• partnership

Nora wants to open a fast-food restaurant and is considering different business structures. She learns that operators in this business structure have to pay fees and royalties to the parent company.

• franchise

• sole proprietorship

• partnership

• corporation