What is the primary goal of a business?

Business Concepts Quiz

Quiz
•
Business
•
Professional Development
•
Hard
shawn George
Used 1+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To provide goods and services
To generate profit
To create jobs
To innovate
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business is owned and operated by a single individual?
Partnership
Corporation
Sole Proprietorship
Cooperative
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of partnership includes general partners and limited partners?
Sole Proprietorship
General Partnership
Limited Partnership
Corporation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key advantage of a Corporation?
Unlimited liability
Limited liability for owners
Simple tax structure
Direct control by owners
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'Market Share' refer to?
Total income generated by a business
Percentage of total sales controlled by a company
The relationship between supply and demand
The ownership value in a business
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of a Sole Proprietorship?
Unlimited liability
Shared profits
Complex regulations
Limited liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a Limited Partnership, who has management authority?
Limited partners
General partners
All partners
Members
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