stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Gr. 10 - Section 1.2 - Types of Business Flashcards | StudBud
Explore
/
Gr. 10 - Section 1.2 - Types of Business
Gr. 10 - Section 1.2 - Types of Business
20 terms
·
StudBud Administration
·
371 plays
Imported from external platform
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
Double taxation is a disadvantage of a:
Sole proprietorship
Corporation
Partnership
Franchise
2
In a not-for-profit organization, the money is...
donated to animal shelters
given to the rich
channeled back into the organization
given to homeless people
3
The business that buys the rights to operate a "ready-made" business is called a:
Franchisee
Franchiser
4
Privatization is the _________ of a government owned business to the private sector.
selling
buying
5
Limited liability means that owners stand to lose personal belongings.
False
True
6
Which of the following is an example of a business in the public sector?
Canada Post
No Frills
UPS
Tim Hortons
7
IKEA is an example of a:
Private corporation
Crown corporation
Public corporation
Business corporation
8
A business owned by one person is called a:
Partnership
Sole proprietorship
Corporation
Franchise
9
What does NFP stand for?
Not-for-profit organization
Nice-for-profit organization
Not-for-profanity organization
None of the above
10
A business that buys goods and resells to consumers:
Manufacturing business
Service business
Retail business
Agricultural business
11
A public sector business is...
individually owned and operated
all of the above
run by the government
a business run by 100 people
12
A partnership...
has its terms outlined in an agreement
shares costs and responsibilities
is all of the above
is a business operated by two or more people
13
Which type of ownership is divided into many small parts called shares?
Franchise
Sole proprietorship
Corporation
Partnership
14
Which of the following is an example of a crown corporation?
Mars Inc.
Via Rail
IKEA
Greyhound
15
A business that produces products and sells to retailers:
Manufacturing business
Agricultural business
Retail business
Service business
16
Bishop Allen is an example of a private sector institution.
True
False
17
Which type of partnership do all partners have unlimited liability?
General partnership
Limited partnership
18
A private sector business is...
a business run by 100 people
all of the above
run by the government
individually owned and operated
19
What does p3 stand for?
Private-people partnership
Public-private partnership
Public-person partnership
Private-public partnership
20
A franchisor...
pays for use of national and local advertising
sells goods and supplies for operation
pays an initial franchise fee
benefits from brand recognition
