types of business organizations

Shared decision-making is an advantage of what type of organization?

• Sole trader

• Private limited company

• Public limited company

• Partnership

Which is an advantage of a public limited company?

• Risk of takeover due to the availability of the shares on the stock exchange

• Legal formalities in formation

• Share prices subject to fluctuation

• Separate legal identity

Which of the following is not an advantage of operating as a sole trader?

• Complete control over decision-making

• Greater privacy as owners do not have to disclose their financial information to the public

• Paying dividends to shareholders

• Easy access to finance to grow the business

Pertains to an individual, a group of people, or an organization engaged in the trading of goods and services to customers in exchange for money or other items of equivalent value.

• Logistics

• Business

• Barter System

• Banking

Is Owned by a single individual called proprietor.

• PARTNERSHIP

• CORPORATION

• SOLE PROPRIETORSHIP

• FRANCHISE

Is run by two or more individuals who join together.

• PARTNERSHIP

• CORPORATION

• SOLE PROPRIETORSHIP

• FRANCHISE

Is owned by shareholders. It is structured as a separate

legal entity under the operation of law.

• PARTNERSHIP

• CORPORATION

• SOLE PROPRIETORSHIP

• FRANCHISE

Advantages:

- cheap to organize

- easy to start and operate

• PARTNERSHIP

• CORPORATION

• SOLE PROPRIETORSHIP

• FRANCHISE

Advantages:

- ownership by a group of individuals

- shared responsibility for any profits,

debts and decisions related to the business

• PARTNERSHIP

• CORPORATION

• SOLE PROPRIETORSHIP

• FRANCHISE

Advantages:

- ownership divided into shares of stock

- management or decision-making

shared by board of directors

• PARTNERSHIP

• CORPORATION

• SOLE PROPRIETORSHIP

• FRANCHISE