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Questions and Answers
Which of the following is NOT a type of business organization mentioned in the text?
Which of the following is NOT a type of business organization mentioned in the text?
- Cooperative (correct)
- Sole proprietorship
- Partnership
- Corporation
What is the main focus of public finance?
What is the main focus of public finance?
- Acquisition, allocation, and utilization of funds (correct)
- Discussing the different types of business according to nature, purpose, and ownership
- Differentiating direct finance from indirect finance
- Elaborating on the advantage and disadvantage of different types of business according to ownership
What is the advantage of a sole proprietorship?
What is the advantage of a sole proprietorship?
- Limited liability
- Access to capital markets
- Ease of formation (correct)
- Shared decision-making
What is the main focus of private finance?
What is the main focus of private finance?
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