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1
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A person who takes a risk to produce goods and services in search of profit 
Select one:

a. Magistrate

b. Profiteer

c. Entrepreneur 

d. Baliff

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The correct answer is: Entrepreneur

Question 2
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What type of business consists of two or more people?
Select one:

a. Franchise

b. Partnership 

c. Corporation

d. Sole Proprietorship

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The correct answer is: Partnership

Question 3
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What kind of business is BEST described by these statements?

I am the only owner of my business. 

I take all the risks of doing business. 
I keep all the profits. 
Select one:

a. Partnership

b. Corporation

c. Sole Propreitorship 

d. Cooperative

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The correct answer is: Sole Propreitorship

Question 4
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A form of business organization that is authorized to act as a legal entity regardless of
the number of owners. 
Select one:

a. Corporation 

b. Proprietorship

c. Partnership

d. Distributor

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The correct answer is: Corporation

 Question 5
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What type of business structure is owned by many people?
Select one:

a. Sole Proprietorship

b. Partnership

c. Corporation 

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The correct answer is: Corporation