Fundamental Finance Concepts Quiz
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Questions and Answers

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?

  • 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?

  • Limited liability
  • Access to capital markets
  • Ease of formation (correct)
  • Shared decision-making

    • What is the main focus of private finance?

    <p>Elaborating on the advantage and disadvantage of different types of business according to ownership</p> Signup and view all the answers

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