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Questions and Answers
What is the most common form of business organization in the United States?
What is the most common form of business organization in the United States?
Which type of business organization is owned by a single individual?
Which type of business organization is owned by a single individual?
In which type of business organization are the individual owners' income taxed?
In which type of business organization are the individual owners' income taxed?
Which type of business organization is a legal entity with shareholders or stockholders?
Which type of business organization is a legal entity with shareholders or stockholders?
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Which type of business organization is taxed as a partnership and has tax advantages for a restricted number of shareholders?
Which type of business organization is taxed as a partnership and has tax advantages for a restricted number of shareholders?
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Study Notes
Chapter 4: Options for Organizing Business
- Part 2 of the book covers starting and growing a business
- Focuses on the different forms of business organization
Learning Objectives
- Define and examine the advantages and disadvantages of the sole proprietorship form of organization
- Identify two types of partnership and evaluate the advantages and disadvantages of the partnership form of organization
- Describe the corporate form of organization, citing the advantages and disadvantages of corporations
Business Organization Forms
- Three main forms of business organization: sole proprietorship, partnership, and corporation
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Description
Test your knowledge of business organization and growth with this quiz covering options for organizing a business, small business management, entrepreneurship, and franchising.
