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Entrepreneurship Quiz Flashcards | StudBud
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Entrepreneurship Quiz
Entrepreneurship Quiz
7 terms
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StudBud Administration
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27 plays
#business intro #entrepreneurship #entrepreneur #business startup
Flashcards
7 cards
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Practice quiz
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Questions
7
Answers
1
_______ producer members and consumer members profit from this form of legal ownership.
Cooperative
Corporation
Parntership
Proprietorship
2
In which form of business ownership does the owner solely control the business?
Cooperative
Corporation
Proprietorship
Partnership
3
Which form of business ownership occurs most often in Canada and the USA?
Corporation
Partnership
Proprietorship
Cooperative
4
Which of the following is an advantage with incorporation?
Less paperwork and reporting
Limited liability
The cost of establishing a corporation
Double taxation
5
An advantage to buying a franchise is ____________.
franchise fees
guidelines and rules are established
products are purchased from the franchiser
proven image and use of brand name
6
Which of the following is one reason why small businesses fail?
Lack of effort
Lack of products
Lack of employees
Lack of planning
7
The form of legal ownership of a business determines _____________.
How it is taxed
Who works there
How it is marketed
The type of products it sells
