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Questions and Answers
Which type of business is being referred to in the text?
Which type of business is being referred to in the text?
- Limited liability company
- Partnership
- Corporation
- Sole proprietorship (correct)
What is the main characteristic of a sole trading concern?
What is the main characteristic of a sole trading concern?
- Separate legal entity
- Limited liability
- Multiple owners
- Single owner (correct)
Which of the following is NOT a common form of business organization?
Which of the following is NOT a common form of business organization?
- Partnership
- Sole proprietorship
- Limited liability company (correct)
- Corporation
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