Business Organizations & Market Structures

SSEMI3 Which of the following is NOT one of the three types of business organizations?

• Sole Proprietorship
• Partnership
• Corporation
• Oligopoly

SSEMI3 Which business organization has a single owner?

• Sole Proprietorship
• Corporation
• Partnership
• Oligopoly

SSEMI3 Which business organization is a firm legally owned by two or more people?

• Sole Proprietorship
• Corporation
• Partnership
• Oligopoly

SSEMI3 Which business organization issues stocks?

• Sole Proprietorship
• Corporation
• Partnership
• Oligopoly

SSEMI3 Which business organization has the disadvantage of unlimited liability for a single individual?

• Sole Proprietorship
• Corporation
• Partnership
• Oligopoly

SSEMI3 Which business organization has the disadvantage of potential for conflict?

• Sole Proprietorship
• Corporation
• Partnership
• Oligopoly

SSEMI3 Which business organization has the disadvantage of paying special taxes (double taxation)?

• Sole Proprietorship
• Corporation
• Partnership
• Oligopoly

SSEMI3 Money payments distributing some of a corporations profit to shareholders on a quarterly basis.

• Dividends

• Shares

• Profits

• Money

SSEMI3 The financial responsibility for paying the debts of a business can be called:

• taxation
• stock
• dividend
• lilability

SSEMI3 If a business fails to meet its financial obligations, the owner (or owners) are personally responsible for those debts.  

• unlimited liabiilty
• limited liability
• contract
• articles of partnership