Business Organizations [Gr.7]

Quiz by Rifga ahmed

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can

edit the questions
save a copy for later
start a class game
automatically assign follow-up activities based on students’ scores
assign as homework
share a link with colleagues
print as a bubble sheet

Q 1/44
Score 0
What kind of business is BEST described by these statements? I am the only owner of my business, I take all the risks of doing business, I keep all the profits.
29

Proprietorship
Partnership
Cooperative
Corporation

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

44 questions

Show answers

Q1
What kind of business is BEST described by these statements? I am the only owner of my business, I take all the risks of doing business, I keep all the profits.
Proprietorship
Partnership
Cooperative
Corporation
30s
Q2
When entering into a franchise agreement, what is already established?
Business name
Location of the business
Employees
Organisational culture of the business
30s
Q3
An entrepreneur -
Rnforces government regulations
Manages financial investments
Takes the risk to earn profit
Sets the interest rates at banks
30s
Q4
Easy to start, owner is his/her own boss, owner keeps all the profits - These are advantages of what type of business
Partnership
Corporation
Sole Proprietorship
Franchise
30s
Q5
The main disadvantage of a general partnership is
Shared management
Difficulty of termination.
Disagreement amongst partners.
The unlimited liability of the partners.
30s
Q6
Who provides all marketing materials for the other party including branding, packaging and signage
Franchisee
Franchisor
30s
Q7
Which pathway option allows you to own a business, under the guidance and licensing of a large business's head office?
Buying an existing business
Already have a business
Entering into a franchise agreement
Opening a new business
30s
Q8
In a corporation, owners share profit, but liability is limited to -
Distribution
Theft
Investment
Production
30s
Q9
Which party needs to undertake training and coordinate staffing needs of the business?
Franchisee
Franchisor
30s
Q10
Floral Shops, Bookstores, Farms are examples of what type business
Corporation
Multinational Corporation
Sole Proprietorship
Franchise
30s
Q11
The major advantage of a franchise is:
Nationally recognized name.
All of the above.
Personal ownership.
Training and management assistance.
30s
Q12
What is a disadvantage of partnerships?
Owners share responsibilities
Possibility of personality conflict
Limited liability
Ease of formation
30s
Q13
A ___________ is a business with two or more owners:
partnership.
public corporation.
conglomerate
corporation
30s
Q14
Choose the best description of a sole proprietorship.
A business owned by one person.
A business owned by two or more people.
A business owned by shareholders.
A business owned when one shareholder has 99% investment and the other has 1% investment.
30s
Q15
Which is a franchisor?
Starts a business
Buys into an existing brand
Allows others to use their brand name
Takes over a business
30s

Measure skillsfrom any curriculum

Our brand new solo games combine with your quiz, on the same screen

Measure skills
from any curriculum