Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Business Ownership
Test Description: To review the various types of business ownership studied in class.
Instructions: Answer all questions to get your test result.
1) What is the name of the business ownership that has 1 owner?
A
Partnership
B
Sole Proprietorship
C
Cooperative
D
Corporation
2) Who are the owners of cooperatives?
A
Employers or users of company's products/services
B
Shareholders
C
Partners
D
Employees or users of the company's products/services
3) What are the names given to the owners of corporations?
A
Shareholders or Stockholders
B
Franchiser
C
Partners
D
Money Bags
4) In which type of business ownership are there 2 or more owners?
A
Corporation
B
Partnership
C
Franchise
D
Sole Proprietorship
5) This biz is time-consuming, expensive to start-up, those with few shares have little say.
A
Partnership
B
Cooperative
C
Corporation
D
Franchise
6) Who is the “franchisee”?
A
The owner of a sole proprietorship
B
The owners of a partnership
C
The dealers of a franchise
D
The original owner of a franchise
7) What does unlimited liability mean to an owner of a business?
A
The owner can lose their business, home & personal belongings
B
The owner can only lose the money invested into the business
C
The owner has serious problems
D
The owner has no responsibility to pay the debts of the business
8) What must a franchisee pay each month?
A
Monthly fee to the corporation
B
Monthly fee to the cooperative
C
Monthly fee to the franchisee
D
Monthly fee to the franchiser
9) What does limited liability mean to an owner of a business?
A
The owner has no responsibility to pay the debts of the business
B
The owner can lose their business, home & personal belongings
C
The owner is very lucky
D
The owner can only lose the money invested into the business
10) How are franchises different from all other types of business ownerships?
A
Permission must be given to sell its products/services
B
The owners are employees or users of products/services
C
The owner performs all the duties in the business
D
A partnership agreement is needed
*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?