Podcast
Questions and Answers
What is the key feature that distinguishes a corporation from other forms of business organizations?
What is the key feature that distinguishes a corporation from other forms of business organizations?
- Perpetual existence separate from the owners (correct)
- Ease of formation
- Unlimited liability of the owners
- Diversity of expertise among the owners
Which of the following is NOT a commonly cited advantage of a sole proprietorship?
Which of the following is NOT a commonly cited advantage of a sole proprietorship?
- Ability to raise large amounts of capital (correct)
- 100% control by the owner
- 100% profit goes to the owner
- Easy and inexpensive to set up
What is the key difference between a sole proprietorship and a partnership?
What is the key difference between a sole proprietorship and a partnership?
- Sole proprietorships are not subject to special taxation, while partnerships are
- Sole proprietorships have a single owner, while partnerships have multiple owners (correct)
- Sole proprietorships have unlimited liability, while partnerships have limited liability
- Sole proprietorships are easier and less expensive to set up, while partnerships are more complex
Which of the following is NOT a commonly cited advantage of a partnership?
Which of the following is NOT a commonly cited advantage of a partnership?
Which of the following is a common subtype of a sole proprietorship?
Which of the following is a common subtype of a sole proprietorship?
What is the primary disadvantage of a corporation compared to other forms of business organizations?
What is the primary disadvantage of a corporation compared to other forms of business organizations?
What is the key characteristic that distinguishes a corporation from other forms of business organizations?
What is the key characteristic that distinguishes a corporation from other forms of business organizations?
Which of the following is NOT a disadvantage of a cooperative business organization?
Which of the following is NOT a disadvantage of a cooperative business organization?
What is the key difference between the liability of owners in a sole proprietorship/partnership versus a corporation?
What is the key difference between the liability of owners in a sole proprietorship/partnership versus a corporation?
Which form of business organization is taxed separately from its owners?
Which form of business organization is taxed separately from its owners?
Which of the following is NOT listed as a disadvantage of a cooperative business organization?
Which of the following is NOT listed as a disadvantage of a cooperative business organization?
According to the passage, which of the following is NOT a potential disadvantage of a corporation?
According to the passage, which of the following is NOT a potential disadvantage of a corporation?
What is the main focus of a Service Business?
What is the main focus of a Service Business?
In a Merchandising Business, how does a businessman earn a profit?
In a Merchandising Business, how does a businessman earn a profit?
What is the primary characteristic of a Manufacturing Business?
What is the primary characteristic of a Manufacturing Business?
What is the main distinction of Hybrid Businesses?
What is the main distinction of Hybrid Businesses?
What is the key focus of a Sole Proprietorship business?
What is the key focus of a Sole Proprietorship business?
What characterizes a Partnership business?
What characterizes a Partnership business?
What is one major objective of the lesson on Forms of Business Organization?
What is one major objective of the lesson on Forms of Business Organization?
What is one key advantage of a partnership business?
What is one key advantage of a partnership business?
Which statement about sole proprietorship is FALSE based on the text?
Which statement about sole proprietorship is FALSE based on the text?
What does the text propose as a group activity to enhance learning about business issues?
What does the text propose as a group activity to enhance learning about business issues?
Which term describes a business organization that operates in exchange for money?
Which term describes a business organization that operates in exchange for money?
In terms of socio-economic development, how do the forms of business organizations differ according to the text?
In terms of socio-economic development, how do the forms of business organizations differ according to the text?
