Types of business organizations

Types of business organizations

10th Grade

100 Qs

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Types of business organizations

Types of business organizations

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

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100 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of private sector business organization is owned and run by one individual with no distinction between the owner and the business entity?

sole traders

partnerships

private limited companies

public limited companies

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of private sector business organization involves two or more people sharing ownership and operation of the business?

partnerships

sole proprietorship

corporation

franchise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of private sector business organization limits the liability of its owners and restricts share transfers?

private limited companies

sole proprietorships

public limited companies

partnerships

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of private sector business organization can sell shares to the public and is listed on a stock exchange?

public limited companies

sole proprietorships

partnerships

private limited companies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of private sector business organization allows individuals to operate their own business under the brand and business model of an established company?

franchises

sole proprietorships

partnerships

cooperatives

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of private sector business organization is formed when two or more businesses agree to work together on a particular project?

joint ventures

sole proprietorship

public limited company

franchise

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most common form of business organisation?

Partnership

Sole Trader

Corporation

Cooperative

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