Types of Business Organizations

Types of Business Organizations

ECON ACTIVITY!

Business Organization is the single-most important choice an owner would have to make

What form the business adopts will affect a multitude of factors, many of which will decide the company's future

ARE YOU READY TO TEST YOUR KNOWLEDGE?

3 2 1 ...

Open Ended

Q1 : What is the purpose of most business organizations?

Multiple Choice

Q2 : What is the most common type of business organization in the United States?

• Partnership

• Sole Proprietorship

• Corporation

Multiple Select

Q3 : Some of the advantages of Sole Proprietorships include Freedom & Control.

• TRUE

• FALSE

Multiple Choice

Q4 : What kind of business is best described by these statements?

I am the only owner of this business.

I keep all the profits.

• Sole Proprietorship

• Corporation

• Partnership

Multiple Choice

Q5 : Floral Shops, Bookstores, Farms are examples of what type of business?

• Corporation

• Sole Proprietorship

• Partnership

Poll

Q6 : Partnership is divided into 2 types ONLY.

• True. Partnership is divided into 2 types only.

• False. Partnership is divided into more than 2 types.

Fill in the Blanks

Q7 : The biggest

of Partnerships is the unlimited liability.

HINT : the answer is either advantage or disadvantage

Multiple Choice

Q8 : A Corporation is owned by stockholders or shareholders.

• TRUE

• FALSE

Multiple Choice

Q9 : Corporations are more effective at raising large amount of money with the use of Bonds.

• True. Bonds are an effective way of raising large amount of money in a Corporation.

• False. Corporations raise large amount of money by factors other than bonds.

THANK YOU!

Farah Al Hamad & Raghad Moosa