Forms of Business Organizations Quiz
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Questions and Answers

Which of the following is NOT a form of business organization discussed in Chapter 2 of class 11th commerce?

  • Partnership
  • Sole proprietorship
  • Corporation
  • Limited liability company (correct)
  • Which form of business organization involves a single owner who has unlimited liability for the business's debts?

  • Sole proprietorship (correct)
  • Limited liability company
  • Partnership
  • Corporation
  • Which form of business organization offers limited liability to its owners and is considered a separate legal entity from its owners?

  • Partnership
  • Corporation (correct)
  • Limited liability company
  • Sole proprietorship
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