Types of Businesses
Quiz by April MacNamee
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- Q 1/16Score 0A Business owned by only one person29Sole Proprietorship
16 questions
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- Q1A Business owned by only one personSole Proprietorship30s
- Q2A Business owned by two or more peoplePartnership30s
- Q3A license to use an established business brandFranchise30s
- Q4A business whose goal is to provide a service rather than to make a profit.Non-Profit organization30s
- Q5A business entity that is separate from its ownersCorporation30s
- Q6A company that does business and has business facilities in many countriesMultinational corporation30s
- Q7Shares of ownership in a corporationStock30s
- Q8Business lives or dies with the ownerLimited Life30s
- Q9Special partnership in which partners are protected from the liabilities of one anotherLLP30s
- Q10Joining of two companiesMerger30s
- Q11Two companies combine that are not competitors but are at a different production levelVertical Merger30s
- Q12Two companies that are competitors merge togetherHorizontal Merger30s
- Q13Corporations issue these to raise fundsBonds30s
- Q14Double taxation and lots of regulationCons of a corporation30s
- Q15Easy to open, you are the boss and keep ALL profitPros of Sole Proprietorship30s
