Ownership Rights and Privileges Quiz
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Questions and Answers

What is ownership considered as?

  • A single right
  • An exclusive title
  • A bundle of rights (correct)
  • A bundle of responsibilities

    • What right do business owners have in managing the business?

  • They have the right to sell the business at any time
  • They have no rights in managing the business
  • They have the right to delegate all management tasks
  • They have the right to run the business on a day-to-day basis (correct)

    • What happens to the profits in business ownership?

  • They belong to the owners (correct)
  • They are invested in other businesses
  • They are exempt from taxation
  • They are shared with the community

    • How is the exclusiveness of ownership described?

    <p>No one else can claim ownership of the owned item</p> Signup and view all the answers

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