
BESR 3RD
Authored by Whayn Siet
Others
2nd Grade
Used 1+ times

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55 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
55. Which form of business organization typically involves a single owner who retains all profits and has unlimited liability?
Corporation
Partnership
Sole proprietorship
Limited liability company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
54. Which form of business organization involves two or more individuals sharing profits, losses, and liabilities?
Corporation
Partnership
Sole proprietorship
Limited liability company
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
53. Which form of business organization provides limited liability to its owners while allowing them to participate in management?
Corporation
Partnership
Sole proprietorship
Limited liability company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
52. Which form of business organization is a legal entity separate from its owners and provides limited liability to its shareholders?
Corporation
Partnership
Sole proprietorship
Limited liability company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
51. Which form of business organization has the advantage of easy formation and few regulatory requirements?
Corporation
Partnership
Sole proprietorship
Limited liability company
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
50. Which form of business organization typically involves complex legal formalities and is subject to double taxation?
Corporation
Partnership
Sole proprietorship
Limited liability company
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
49. Which form of business organization is suitable for professionals like doctors, lawyers, and accountants?
Corporation
Partnership
Sole proprietorship
Limited liability company
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