Types of Business Organizations

Which of the following has multiple owners?

(Choose more than one correct answer.)

• Sole Proprietorship

• Partnership

• Corporation

• Cooperative

Which of the following has an identity separate from its owner?

(Choose more than one correct answer.)

• Sole Proprietorship

• Partnership

• Corporation

• Cooperative

TRUE or FALSE:

Profits of corporations are divided equally among shareholders.

• True

• False

TRUE or FALSE:

Corporations have the option to sell their stocks to the public.

• True

• False

TRUE or FALSE:

Cooperatives are mainly created to assist their members.

• True

• False