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BUSINESS ORGANISATION (Sole proprietorship and partnership)

Quiz
•
Other, Arts, Education
•
10th - 12th Grade
•
Hard
VICTORIA ABIOLA
Used 4+ times
FREE Resource
13 questions
Show all answers
1.
OPEN ENDED QUESTION
1 min • 1 pt
Evaluate responses using AI:
OFF
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is a type of business organization?
Stock exchange
Insurance company
Chain stores
Co-operative
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
One advantage of the Sole Proprietorship over other forms of business organizations is that it can _______
Make very high profits
Employ many workers
Produce on a very large scale
Keep its affairs private
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
One advantage of the sole proprietorship is that ______
Funds are easy to obtain
It is always successful
Control and supervision is under one man
Accounts must be publicized
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which business organization enjoys tax-free profits in West Africa?
Private limited liability
Co-operative societies
Joint stock companies
Partnership
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
One main benefit of partnership is ____________
The possibility of raising funds on the stock exchange
The possibility of attracting twenty-one or more members
That members can specialize in various functions
That it enjoys its own seperates legal entity
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
One advantage of a sole proprietorship is that
it can be managed without conflicts
the sole proprietor raises money from the public
it makes an increase in the volume of business possible
there is no limit to the number of people who may bring in capital
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