Agricultural Business: Management - Types of Ownership

Front

Which of the following is the most common form of business ownership? Sole proprietorship, Partnership, Corporation, Franchise

Back

Sole proprietorship

Front

Which of the following is NOT a disadvantage of a sole proprietorship? Owner has limited skills, Harder to raise money, High start-up costs, Higher governmental regulations

Back

Higher governmental regulations

Front

Which of the following types of business ownership includes contract farming? Corporations, Sole proprietorship, Partnerships, Cooperatives

Back

Partnerships

Front

Which of the following types of business ownership includes corporate farming? Corporations, Sole proprietorship, Partnerships, Cooperatives

Back

Corporations

Front

Which of the following is NOT an advantage of an agriculture cooperative (co-op)?
Voluntary membership, Locations are limited, Each member gets a vote, Helps other co-ops

Back

Locations are limited

Front

Which of the following is the least common form of business organization? Sole proprietorship, Partnership, Corporation, Franchise

Back

Partnership

Front

For which of the following does the parent company share experiences and proven techniques? Sole proprietorship, Partnerships, Corporation, Franchise

Back

Franchise

Front

Which of the following is a firm or business owned and operated by its members? Cooperative (co-op), Partnership, Corporation, Franchise

Back

Cooperative (co-op)

Front

Which of the following is subject to more governmental regulations? Cooperative (co-op), Partnership, Corporation, Franchise

Back

Corporation

Front

What form of partnership has unequal shares and liability for the partners?

Back

Limited partnership