Factors Affecting Business Location Choice
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Questions and Answers

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?

  • Trust
  • Limited liability company
  • Sole proprietorship
  • Public company (correct)
  • 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?

    <p>Company</p> Signup and view all the answers

    Which type of business ownership offers limited liability protection to its members?

    <p>Company</p> Signup and view all the answers

    Which type of business ownership has the potential for increased capital acquisition through diversification of skill and ability?

    <p>Partnership</p> Signup and view all the answers

    What factor is not typically considered when establishing a business in a specific geographical location?

    <p>Availability of unicorns</p> Signup and view all the answers

    Which form of business ownership does not have legal (juristic) personality?

    <p>Sole Proprietorships</p> Signup and view all the answers

    What is not a benefit of an entity having legal (juristic) personality?

    <p>The entity is exempt from paying taxes</p> Signup and view all the answers

    What is not a common factor to consider when choosing a form of enterprise?

    <p>Available colors for company logo</p> Signup and view all the answers

    What is not an advantage of a juristic person?

    <p>The entity can be easily terminated</p> Signup and view all the answers

    Which form of business ownership has limited liability of owners or members when legal action is taken?

    <p>Companies</p> Signup and view all the answers

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