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Forms of Business Organization

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Forms of Business Organization

Quiz

(25)
Students must determine the best form of business organization for the given scenario.

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About Quiz
business organization and environment
 Recommended age: 17 years old
112 times made

Created by

Steven Duffrin
Steven Duffrin
United States

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Forms of Business OrganizationOnline version

Students must determine the best form of business organization for the given scenario.

by Steven Duffrin
1

Ashley and Samantha want to start a moving company but are concerned about the start-up expenses. Each owns her own home and has a family; they do not wish to put personal assets at risk. Which type of business organization is best for Ashley and Samantha?

2

Christopher has an idea for a new deli, but lacks management expertise. He is excellent at creating tasty sandwiches and presenting them attractively. He wishes to minimize startup costs but realizes he lacks the minimum funding necessary, even with a bank loan. What type of business organization is best for Christopher?

3

Jessica and Joshua own a thriving, independent movie theater. Sales are up because they offer a unique experience and people love to work there too. They wish to expand into multiple theaters but the costs are prohibitive. What type of business organization is best for Jessica and Joshua?

4

Ryan wishes to open a game and card trading shop. He rents his home but the bank granted him a large enough business loan to obtain the location and products necessary. He intends to run the shop himself, from managing finances to ordering, working with customers and keeping the shop neat and orderly. He hopes he will earn enough to purchase his own home and be his own boss. Which type of business organization is best for Ryan?

 
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