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- 1. Multiple Choice
It is the process of running a business in order to make a profit.
ENTREPRENEURSHIP
ENTREPRENEUR
BUSINESSMAN
EMPLOYEE
- 2. Multiple Choice
He/ she founds and runs a small business, assuming all the risks and rewards of the venture.
ENTREPRENEUR
EMPLOYEE
COMPANY
ENTREPRENEURSHIP
- 3. Multiple Choice
This is a form of business ownership where two or more people act as co-owners.
PARTNER
PARTNERSHIP
BUSINESS PARTNER
COMPANY
- 4. Multiple Choice
It is a form of business ownership, where there is one owner who's responsible for the business.
SOLE PROPRIETORSHIP
PROPRIETORSHIP
SOLE PREPRIOTERSHIP
SOAL PROPREITORSHIP
- 5. Multiple Choice
It is a form of business refers to an arrangement where one person/ company grants another person/ company the right to use its trademark/ trade-name.
CORPORATION
COMPANY
FRANCHISER
FRANCHISING
- 6. Multiple Choice
Advantage: Start-up cost are low
Sole Proprietorship
Partnership
Franchising
Entrepreneurship
- 7. Multiple Choice
This refers to a person/ company that is granted a license to do business under the franchisor's trademark and trade name.
FRANCHISOR
PARTNER
SOLE PROPRIETOR
FRANCHISEE
- 8. Multiple Choice
TRUE or FALSE: A franchisor is a person/ company that grants a franchisee a license for the conducting another business branch.
TRUE
FALSE
- 9. Multiple Choice
Advantage: Shared responsibility
Sole Proprietorship
Partnership
Franchising
Entrepreneurship
- 10. Multiple Choice
Disadvantage: Other franchisees could give the
brand a bad reputation
Sole Proprietorship
Partnership
Franchising
Franchisee
- 11. Multiple Choice
Franchising: The franchisor gives you support
Advantage
Disadvantage
- 12. Multiple Choice
Sole Proprietorship: All responsibilities are yours
Advantage
Disadvantage
- 13. Multiple Choice
Two heads are better than one
Advantage: Sole Proprietorship
Disadvantage: Partnership
Advantage: Partnership
Disadvantage: Sole Proprietorship
- 14. Multiple Choice
Which of the following business are examples of SOLE PROPRIETORSHIP? (Choose 2)
- 15. Multiple Choice
Which of the following business are examples of PARTNERSHIP? (Choose 2)
- 16. Multiple Choice
Which of the following business are examples of FRANCHISING? (Choose 2)
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