ICEV Business Ownership & Registration Part 1

Question 1

Words, symbols, names or devices used to specify goods and differentiate one good from others

Accepted Answer

Trademarks

Question 2

Which of the following is defined as a business in which partners have an unequal share and liability in the business?

Accepted Answer

Limited partnership

Question 3

Which of the following are protections provided to authors of original works such as literature?

Accepted Answer

Copyrights

Question 4

Which of the following is the money or other resources needed to pay for a part or parts of the company?

Accepted Answer

Finance

Question 5

Which of the following is NOT a type of business ownership?

Accepted Answer

Entrepreneurship

Question 6

Which of the following is a type of business which operates as a separate legal entity?

Accepted Answer

Corporation

Question 7

Which of the following is a disadvantage of a franchise?

Accepted Answer

Must follow the parent company’s business structure

Question 8

Which of the following is defined as a business which is owned and operated by one individual?

Accepted Answer

Sole proprietorship

Question 9

Money raised by a business or investor in exchange for a share of ownership in the company?

Accepted Answer

Equity capital

Question 10

Which of the following is money borrowed from a business or investment which must be repaid over time with interest?

Accepted Answer

Debt capital

Question 11

Which of the following are the unique names which identify Internet sites and businesses?

Accepted Answer

Domain name

Question 12

Which of the following is the process of issuing loans in small amounts?

Accepted Answer

Microlending

Question 13

Groups of individuals who invest money in various types of companies in search of making a profit

Accepted Answer

Investors

Questions 13