5 Questions
Which form of business organization offers the advantage of limited personal liability?
Corporation
What is a key advantage of a partnership over a sole proprietorship?
Shared control
What characteristic makes corporations more attractive for raising funds compared to sole proprietorships or partnerships?
Easier transfer of ownership
Which business organization type is associated with tax advantages, shared control, and formed due to lack of resources or unique skills?
Partnership
What is a distinguishing feature of a corporation compared to a sole proprietorship or partnership?
Ability to sell stock of the company
Test your knowledge of different forms of business organizations such as sole proprietorship, partnership, and corporation. This quiz covers the characteristics and advantages of each type of business structure.
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