Business Ownership
Authored by Glenn Dukes
Business
7th Grade
Used 35+ times
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26 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The fee a franchisee continually pays the franchisor to keep operating the franchise is called a _____.
commission
royalty payment
kickback
down payment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money and other assets owned by a business.
franchise fee
profits
capital
royalties
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When entrepreneurs want to conduct business in a name other than their own, they must _____.
legally change their name
purchase the corresponding domain name
register a valid employer ID number
obtain a DBA license
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a _____ all partners have unlimited liability.
corporation
general partnership
silent partnership
limited partnership
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Document describing the purpose, place of business, and other details of a corporation.
shares of stock
charter
business plan
partnership agreement
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
The owners of which of the following carry the risk of unlimited liability?
sole proprietorship
subchapter S corporation
partnership
public corporation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ________ is a legal entity separate from its owners.
sole proprietorship
corporation
silent partner
franchise
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