Post Assessment - Grade 8: Forms of Business Ownership

Post Assessment - Grade 8: Forms of Business Ownership

8th Grade

5 Qs

quiz-placeholder

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Post Assessment - Grade 8: Forms of Business Ownership

Post Assessment - Grade 8: Forms of Business Ownership

Assessment

Quiz

Business

8th Grade

Hard

Created by

Dorothy Naveen

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes a franchise?

A group of people who share profits equally

A government-owned business

A business format where someone operates under a licensed brand

A temporary business set up for an event

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might a business choose to form a partnership instead of staying a sole trader?

To avoid paying taxes

To share responsibilities and capital

To get listed on the stock exchange

To reduce profits

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which form of business ownership is most likely to enjoy limited liability as a strength of the business?

Sole Traders

Partnership

Limited Companies

Franchise

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does SWOT stand for?

Strengths, Weaknesses, Options, Threats
Strengths, Weaknesses, Opportunities, Threats
Strengths, Weaknesses, Opportunities, Trends
Strengths, Weaknesses, Opportunities, Tactics

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a threat for most businesses?

Being the owner of the business

Unlimited liability

Having a Separate legal identity

having rivals or competitors