Business Organization Quiz
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Questions and Answers

What is the most common form of business organization?

  • Corporation
  • Limited liability company
  • Sole proprietorship (correct)
  • Partnership
  • Which form of business organization offers limited liability to its owners?

  • Limited liability company
  • Corporation (correct)
  • Partnership
  • Sole proprietorship
  • Which form of business organization involves two or more individuals sharing ownership and responsibilities?

  • Sole proprietorship
  • Corporation
  • Partnership (correct)
  • Limited liability company
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