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Business Organizations Quiz

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Questions and Answers

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?

Separate legal entity

Limited liability

Multiple owners

Single owner (correct)

Which of the following is NOT a common form of business organization?

Partnership

Sole proprietorship

Limited liability company (correct)

Corporation

Business Organizations Quiz

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Questions and Answers

Which type of business is being referred to in the text?

What is the main characteristic of a sole trading concern?

Which of the following is NOT a common form of business organization?

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