Business Organization and Planning Quiz
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Questions and Answers

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?

  • Promoting employee happiness
  • Minimizing costs
  • Maximizing shareholder wealth (correct)
  • Providing social benefits

    • 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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