Business Organization Forms

Business Organization Forms

Assessment

Flashcard

Business

11th Grade

Hard

Created by

aanchal arun

Used 1+ times

FREE Resource

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3 questions

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1.

FLASHCARD QUESTION

Front

Aisha owns a small bakery in Sharjah. She manages everything herself—purchasing ingredients, setting prices, and handling customer orders. If business is slow, she alone bears the financial burden. What form of business organization does she have? What are the advantages and risks for Aisha

Back

  💡 "I am run by a single person who makes all the decisions. I keep all the profits, but if the business fails, I am personally responsible for all debts."

2.

FLASHCARD QUESTION

Front

  Two childhood friends, Omar and Ahmed, open a coffee shop together. Omar manages the finances, while Ahmed focuses on marketing and customer service. When deciding on expansion, they struggle to agree. What type of organization do they run? How can they resolve disagreements?

Back

💡 "We are two or more people who manage a business together. We share profits and losses, but disagreements can be challenging!"

3.

FLASHCARD QUESTION

Front

     A farming community comes together to form an agricultural cooperative. Members contribute resources and share profits, ensuring fair prices and better market access. How does this cooperative society benefit its members compared to independent farmers?

Back

    💡 "We are formed by a group of people with a common goal. We work democratically to serve our members rather than maximize profits."

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