Organization and Management

Sarah is planning to start a business where she is the only owner and has full control over the business decisions. What type of business structure is she considering?

• Partnership

• Corporation

• Sole Proprietorship

James, Benjamin, and Samuel are planning to start a bakery together. They all want to share equal responsibilities and profits. What type of business structure should they opt for?

• Corporation

• Partnership

• Sole Proprietorship

Daniel, Luna, and Anika are close friends who wanted to start a coffee shop in their neighborhood. Daniel is willing to invest his share of the capital but does not want to be involved in the day to day operation of the shop.

• Sole Proprietorship

• Partnership

• Corporation

The Smith family wants to establish a business entity that provides them with limited liability and the ability to transfer ownership to their descendants. What type of business structure should they consider?

• Sole Proprietorship

• Partnership

• Corporation

In order to keep things simple and avoid excessive government regulation, John decided to start a small business from his garage. What type of business structure is he likely to choose?

• Corporation

• Partnership

• Sole Proprietorship

In the   ​ (a)   ​ managers encourage efficiency and micromanagement, de-emphasizes teamwork

• Scientific Management Theory
• Bureaucratic Management Theory
• Human Relations
• General Systems
• X & Y Theory
• Administrative Theory