Final Business Decisions
Authored by Megan Fogle
Business
12th Grade
Used 6+ times
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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which option involves joining a business that is already owned by relatives?
Entering a family business
Starting a new business
Opening a franchise
Purchasing a competitor's business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a legal agreement that allows someone to market a company's products or services?
Partnership
Franchise
Merger
Acquisition
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT mentioned as an entrepreneur option in the diagram?
Purchasing an existing business
Entering a family business
Opening a franchise
Investing in real estate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a characteristic of a partnership?
Single ownership
Shared profits and losses
Contribution of money, property, labor, or skill
Two or more people share ownership
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business ownership involves two or more people sharing ownership?
Sole Proprietorship
Partnership
Corporation
Franchise
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a corporation?
A type of partnership
An independent legal entity owned by shareholders
A sole proprietorship
A government agency
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT listed as a potential business location in the text?
Shopping Malls
Beaches
Warehouses
Virtual
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