BESR Q2

1. Which is NOT a form of business ownership?

• Sole Proprietorship

• Corporation

• Partnership

• Retail

2. Easy to start; owner is own boss; owner keeps all the profits and shoulders losses. These are some descriptions of what type of business.

• Sole Proprietorship

• Partnership

• Corporation

• Franchise

3. What form of business consists of two or more people to carry on, as co-owners of a business for profit?

• Sole Proprietorship

• Partnership

• Corporation

• Cooperative

4. Your mother has Php 100,000. She wants to invest her money in the form of business that has the least amount of personal liability. What form of business would you recommend?

• Sole Proprietorship

• Partnership

• Corporation

• Cooperative

5. How a corporation differs from a sole proprietorship?

• Corporations are owned by only one person.

• Corporations can sell stocks to large and small investors to raise money for the business.

• Sole proprietorships have limited liability for the owners.

• Sole proprietorships require a legal charter to start the business.

6. 6. A Sole Proprietorship, owned by one person, is a form of business organization that is small, requires little amount of capital and is readily established under the control of one person.

• True

• False

A Partnership is a form of business in which two or more people operate for the common goal of making a profit.

• True

• False

A Partnership is an artificial being created by operation of law.

• True

• False

A Sole Proprietorship has the advantage of least government regulations.

• True

• False

A Corporation has powers, attributes, and properties expressly authorized by law.

• True

• False