eMM4-Quiz-T9&10

Sole Proprietorship is to personal liability as Partnership is to:

• Limited liability
• Shared liability
• Corporate governance
• Single ownership

LLC is to limited liability as Corporation is to:

• Flexibility
• Ownership control
• Tax advantages
• Shareholder governance

Business Plan is to strategic direction as Legal Form is to:

• Business control
• Organizational structure
• Tax obligations
• Profit sharing

Market Trends are to forecasting as Business Statistics are to:

• Data accuracy
• Tax analysis
• Financial forecasting
• Growth opportunities

Partnership is to shared profits as Sole Proprietorship is to:

• Split ownership
• Full personal control
• Corporate structure
• Limited liability

Business Growth is to planning as Organizational Form is to:

• Legal framework
• Corporate taxation
• Market control
• Decision-making power

Alternative Paths are to flexibility as Sole Proprietorship is to:

• Control
• Legal complexity
• Liability protection
• Shared responsibility

Business Trends are to future planning as Legal Structure is to:

• Organizational design
• Profit distribution
• Business forecasting
• Market research

Sole Proprietorship is to single decision-maker as Corporation is to:

• Owner-manager
• Multiple shareholders
• Independent control
• Full personal liability

Business Plan is to roadmap as Organizational Form is to:

• Financial forecasting
• Legal framework
• Risk assessment
• Tax strategy