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Questions and Answers
Which of the following is NOT a common form of business organization?
Which of the following is NOT a common form of business organization?
- Cooperative (correct)
- Corporation
- Partnership
- Sole proprietorship
What is the primary goal of a for-profit business?
What is the primary goal of a for-profit business?
- Promoting employee happiness
- Minimizing costs
- Maximizing shareholder wealth (correct)
- Providing social benefits
What is the purpose of a business plan?
What is the purpose of a business plan?
- To track financial performance
- To establish legal compliance (correct)
- To outline the marketing strategy
- To secure funding from investors
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