Forms of Business Organization
Quiz by janice cabasa
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- Q1
A form of business owned by only one person.
Sole Proprietorship
Partnership
Corporation
Cooperative
20sABM_ESR12-IIIa-d-1.1 - Q2
A form of business owned by two or more persons who contribute resources to the entity.
Sole Proprietorship
Partnership
Corporation
Cooperative
20sABM_ESR12-IIIa-d-1.1 - Q3
A form of business organization that has a separate legal personality from its owners.
Sole Proprietorship
Partnership
Corporation
Cooperative
20sABM_ESR12-IIIa-d-1.1 - Q4
A form of business organization owned by a group of individuals and is operated for their mutual benefit.
Sole Proprietorship
Partnership
Corporation
Cooperative
20sABM_ESR12-IIIa-d-1.1 - Q5
A business owned by two or more people, with a maximum of 20 owners, who have agreed to share all assets, liabilities, profits, and losses of a company.
Joint Venture
Limited Partnership
General Partnership
Unlimited Partnership
20sABM_ESR12-IIIa-d-1.1 - Q6
A business arrangement between two or more parties who have agreed to combine their resources to accomplish a specific project.
Joint Venture
Limited Partnership
General Partnership
Unlimited Partnership
20sABM_ESR12-IIIa-d-1.1 - Q7
A business owned by two or more individuals agreeing to start a business where one or more of the partners are liable only for the amount they have invested.
Joint Venture
Limited Partnership
General Partnership
Unlimited Partnership
20sABM_ESR12-IIIa-d-1.1 - Q8
A business organizational structure that protects the owner’s personal assets in the event of a business fault or accident.
Limited Liability Company
Partnership
Sole Proprietorship
Cooperative
20sABM_ESR12-IIIa-d-1.1 - Q9
Ownership in a stock corporation is represented by what?
Certificate
Shares of stock
Asset
Money
20sABM_ESR12-IIIa-d-1.1 - Q10
The owners of a corporation are called?
Proprietors
Partners
Members
Stockholders
20sABM_ESR12-IIIa-d-1.1