Types of Business Organization

Types of Business Organization

Assessment

Assessment

Created by

Matthew Fisher

History

6th - 8th Grade

740 plays

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10 questions

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1.

Multiple Choice

30 sec

1 pt

Media Image

A company wants to computerize its accounting system. It issues stocks to raise additional funds.

Sole Proprietorship

Partnership

Corporation

2.

Multiple Choice

30 sec

1 pt

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2. Mario and his brother Luigi started a plumbing company together. They split the profits and the expenses.

Sole Proprietorship

Partnership

Corporation

3.

Multiple Choice

30 sec

1 pt

Media Image

3. Mary opened a dance studio. She receives all the profits from her students’ lessons.

Sole Proprietorship

Partnership

Corporation

4.

Multiple Choice

30 sec

1 pt

Media Image

Mr. Lewis pays taxes on dividends for stocks he owns in a manufacturing company. The company also pays taxes on its income before distributing it to stockholders.

Sole Proprietorship

Partnership

Corporation

5.

Multiple Choice

30 sec

1 pt

Media Image

Dan, Tony, and Mac own a pizza parlor. They rotate hours and days off.

Sole Proprietorship

Partnership

Corporation

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