Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
General Business Chapter 6
Test Description: Business Structures
Instructions: Answer all questions to get your test result.
1) A sole proprietorship can be owned by more than one person
A
True
B
False
2) A corporation is a legal entity and has a life separate from its owners.
A
False
B
True
3) All business managers have to plan, control, lead, staff, and organize to be successful.
A
True
B
False
4) Determining what work has to be done and who is to do it is called organizing.
A
True
B
False
5) Franchises can be operated only as sole proprietorships or partnerships.
A
False
B
True
6) A business owned by its members that is managed in the owners’ interests is called a cooperative.
A
False
B
True
7) People who become part owners of a corporation are called
A
Business peeps
B
Corporation
C
Shareholders
D
Sole Proprietors
8) Which of the following is NOT one of the five activities of business managers?
A
Staffing
B
Planning
C
Purchasing
D
Controlling
9) The three types of business include a sole proprietorship, partnership, and corporation.
A
False
B
True
10) The part of the profits that are paid to shareholders is called
A
Money
B
Dunno
C
Stock
D
Dividend
11) The written permission that allows a corporation to organize is called a
A
Piece of paper
B
Contract
C
Certificate of Incorporation
D
Certificate of Business
12) Comparing what actually happened to what is planned is part of
A
Planning
B
Organizing
C
Controlling
D
Leading
13) A business owned by a number of people and operated under written permission
A
Corporation
B
Corporate
C
Business
D
Partnership
14) Directing people so that their work is performed correctly and on time is called
A
Directing
B
Leading
C
Organizing
D
Controlling
15) Municipal means
A
State
B
Town
C
Local
16) The form of business that represents two-thirds of U.S. businesses is the
A
Partnership
B
Sole Proprietorship
C
Corporation
17) A partnership is owned by two or more people who own shares of stock in the company.
A
False
B
True
18) Gathering and analyzing information, and then making decisions about all phases of the business, is called organizing
A
True
B
False
19) The person or group who receives a franchise is called the franchisee.
A
False
B
True
20) A business owned by its members that is managed in the owners’ interests is called a cooperative.
A
True
B
False
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?