Which of the following is an example of a sole proprietorship?

Buying spices from some guy you saw at a farmers market.

What is a business contract?

A legal agreement between two or more companies.

Which of the following is NOT an example of a purchase from a corporation.

Buying a candy apple from a stand at the state fair.

How to corporations certify their products under law?

Corporate their products/services.

What is a partnership?

When multiple businesses decide to team up in business.

Why do businesses form partnerships?

To sponsor each others products.

Why would you make a franchise?

To reap of the earnings of a larger company.

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Types of businesses

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Entrepreneurship

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Questions 17

Answers

1
Dairy Queen is a...
Franchise
Sole proprietor
Partnership
Type of sole proprietor
2
Which of the following businesses did NOT start off as sole proprietors?
Samsung
Amazon
Apple
Ben & Jerry's
3
What percentage of businesses are corporations?
20%
8%
5%
7%
4
Do you want to be an entrepreneur?
Yes
No
5
What is a corporation?
One person selling multiple goods/services.
When one person takes the idea of a larger company.
Multiple business owners working together.
A legal business entity.
6
Garage sales are good examples of...
A contract
A partnership
A sole proprietor
Some guy selling useless stuff.
7
True or false: A franchise is the largest form of businesses.
True
False
8
Which of the following is an example of a partnership?
Spotify & DirectTV
Netflix & Hulu
Starbucks & Pandora
Red Bull & GoPro
9
Which of the following is an example of a sole proprietorship?
Hiring a few guys to fix your plumbing.
Buying a Big Mac from McDonalds.
Buying spices from some guy you saw at a farmers market.
Making a deal with the sharks from Shark Tank.
10
What is a business contract?
A separation of law and agreements.
Two businesses competing with each other.
A legal agreement between two or more companies.
A disagreement between corporations.
11
You see the same store 5 times in 20 minutes. These are probably...
Hallucinations
Partnerships
Franchises
Sole proprietors
12
Which of the following is NOT an example of a purchase from a corporation.
Buying a candy apple from a stand at the state fair.
Buying some KFC.
Buying a video game online.
Getting the new Iphone.
13
How to corporations certify their products under law?
Call other companies a cheater.
They don't.
Sue anyone who tries to copy their ideas.
Corporate their products/services.
14
What is a partnership?
When multiple businesses decide to team up in business.
When two people work together to form a better business.
When one person sells goods/services.
When a person purchases shares in stock of a business.
15
Why do businesses form partnerships?
To have less legal ties.
To sponsor each others products.
To become more independent.
To become more successful.
16
True or false: sole proprietorships have staff/employees.
True
False
17
Why would you make a franchise?
To form an original business.
To have less legal ties with the company.
To create a corporation.
To reap of the earnings of a larger company.

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