Podcast
Questions and Answers
Which type of business ownership allows for the greatest degree of management autonomy?
Which type of business ownership allows for the greatest degree of management autonomy?
- Sole proprietorship (correct)
- Partnership
- Trust
- Company
Which enterprise form is best suited to raising large sums of capital?
Which enterprise form is best suited to raising large sums of capital?
- Trust
- Limited liability company
- Sole proprietorship
- Public company (correct)
Which type of business ownership has the most stringent legal and regulatory requirements?
Which type of business ownership has the most stringent legal and regulatory requirements?
- Sole proprietorship
- Company (correct)
- Trust
- Partnership
Which type of business ownership has the most flexibility in transferring ownership?
Which type of business ownership has the most flexibility in transferring ownership?
Which type of business ownership offers limited liability protection to its members?
Which type of business ownership offers limited liability protection to its members?
Which type of business ownership has the potential for increased capital acquisition through diversification of skill and ability?
Which type of business ownership has the potential for increased capital acquisition through diversification of skill and ability?
What factor is not typically considered when establishing a business in a specific geographical location?
What factor is not typically considered when establishing a business in a specific geographical location?
Which form of business ownership does not have legal (juristic) personality?
Which form of business ownership does not have legal (juristic) personality?
What is not a benefit of an entity having legal (juristic) personality?
What is not a benefit of an entity having legal (juristic) personality?
What is not a common factor to consider when choosing a form of enterprise?
What is not a common factor to consider when choosing a form of enterprise?
What is not an advantage of a juristic person?
What is not an advantage of a juristic person?
Which form of business ownership has limited liability of owners or members when legal action is taken?
Which form of business ownership has limited liability of owners or members when legal action is taken?
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