Business Ownership

What is the most common form of business ownership?

• Corporation
• Company
• Sole Proprietorship
• LLC

What is a form of business ownership in which 2 or more people jointly owns a business

• Sole Proprietorship
• Company
• Partnerships

This type of business is subject to many more laws and are more difficult to form.

• Proprietorship
• Partnership
• Corporation
• Franchise

Which of the following is an advantage of a partnership?

• Unlimited Liability
• Arguments
• Shared responsibility
• Less investors

Owned by one individual.

• Proprietorship
• Partnership
• Corporation
• None of the above

Owned by two or more individuals.

• Proprietorship
• Partnership
• Corporation
• None of the above

Owners share the risks and the profits.

• Proprietorship
• Partnership
• Corporation
• None of the above

This type of organization is a legal entity separate from its owners.

• Sole proprietorship
• Partnership
• Corporation
• Franchise

This type of business is owned by stockholders.

• Sole proprietorship
• Partnership
• Corporation
• Franchise

This type of business organization makes it easier to secure financing because more than one person may apply for credit.

• Sole proprietorship
• Partnership
• Corporation
• Franchise