Sole Proprietorship
Authored by VANESSA MANGARING
Mathematics
12th Grade
Used 4+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is a business owned by only one person and is the sinplest form of business organization?
Sole proprietorship
Partnership
Corporation
Cooperative
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The following is/are advantage/s of sole propiertorship EXCEPT:
Easy setup
Full control
Unlimited liability
You receive all the profits
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
A sari sari store is an example of a corporation.
True
False
Both A&B
Neither A&B
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is NOT an example of a sole proprietorship?
ABC Bakeshop
LCP Corporation
Ana's sari sari store
XYZ Motor repair shop
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Vanessa owns a beauty supply store in the town where she resides. Which form of business organization is being described by the statement?
Corporation
Partnership
Cooperative
Sole Proprietorship
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