
Sole Proprietorship Concepts and Implications
Interactive Video
•
Business
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus of today's lesson in business studies?
Franchises
Partnerships
Corporations
Sole Proprietorship
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term describes the funds provided by the owner to set up a business?
Liability
Capital
Continuity
Tax
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'legal persona' allow a business to do?
Avoid taxes
Own property and enter contracts
Expand internationally
Hire employees
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a sole proprietorship, who is responsible for the business's debts?
The customers
The owner
The employees
The government
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one advantage of a sole proprietorship?
Complex decision-making process
Limited profit retention
High start-up costs
Quick decision-making
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might a sole proprietor have a close relationship with customers?
The business is large
The owner is not involved
The business is small
The business is automated
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major disadvantage of a sole proprietorship?
Unlimited liability
Easy access to capital
High employee turnover
Complex tax regulations
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