Business Structures and Business Plans Review QUIZ

A Business Plan will include:

One advantage of a partnership is owners can combine their business skills to help the business succeed.

A business that is owned by stockholders and has rights and responsibilities as if it were a person.

A Partnership is easier to raise money than a Sole Proprietorship.

Corporations mostly have a limited life span!

A business that is owned and managed by one individual who receives all the profits, but is responsible for all the losses.

All of the following are characteristics of corporations EXCEPT

Match it! Select the correct answer from the pull down...Good luck!