Ch 4: Praxis Marketing: Types of Business Ownership

About This Chapter

See what kind of lessons and test prep material we provide for the Praxis Marketing Education exam. Find out more about the different kinds of business ownership, and practice answering questions similar to those found on the test.

Praxis Marketing: Types of Business Ownership - Chapter Summary

Use these text lessons and video lessons to learn more about business entities and how they're structured. Get a quick introduction to sole proprietorships, limited liability companies (LLCs), and corporations, and see which kind of ownership is typical for a given type of business. In addition, you'll learn about:

  • Pros and cons of sole proprietorships
  • Pros and cons of LLCs
  • Pros and cons of incorporation
  • Types of corporations

When you use these chapter materials, you'll get clearly written text lessons and explanatory video lessons so that you can be confident in sitting for the Praxis Marketing Education test. You'll also see where your strengths and weaknesses are so that you can better plan your study activities.

Praxis Marketing: Types of Business Ownership Objectives

The various kinds of business ownership options are covered as part of the general business principles section of the test. The full test is 120 multiple-choice questions, and test-takers are given two hours to complete the test. After completing test prep materials, you'll have good idea of where to focus your energy and studying. The Praxis Marketing Education exam is intended to assess the readiness of students who want to be middle or high school marketing education teachers. You can expect that roughly 14% of the test will cover general business principles, which is where you'll find questions about business ownerships; this works out to about 17 questions.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.