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Of the three principal forms, the simplest, most flexible, and easiest to start is the sole proprietorship.

• True

• False

A corporation cannot and hold stock in other corporations

• True

• False

A business that is owned and controlled by one personis a

• a.cooperative

• b.partnership

• c.sole proprietorship

• d. corporation

2. Individuals who invest in a corporation by buying stock are called?

• a.subsidiaries

• b.conglomerates

• c. cooperatives

• d. Stockholders *

5. Business that is owned and controlled by two or more people is a:

• a. cooperative

• b. partnership

• c. sole proprietorship

• d. corporation

8. The amount of money paid to an investor in return for his investment.

• a. bonds

• b. dividends

• c. stocks

• d. liability

11. Owners of this type of stock can vote on how the corporation is run and share in variable dividends.

• a. principal

• b. interest

• c. common

• d. preferred

15. The most common form of business organization is the:

• a. sole proprietorship

• b. partnership

• c. corporation

• d. cooperative

How many owners does a Sole Proprietorship have?

• 2

• 2-3

• 1

• Many

In a partnership, how many owners are there?

• 1

• No Owners

• Has many shareholders

• 2 or more owners