Form of Ownership

Best form of ownership depends on :

• Small Business Owner situation

• Market Conditions

• Supplier conditions

• none of these

Below mentioned word relates to owning a small business:

Which of the following a Small Business Owner should consider before choosing a form of ownership:

• Competitors

• Diversity

• Control

• Distribution network

Which form of ownership is the most common one?

• Corporation

• LLC

• Partnership

• Sole Proprietorship

Feelings of isolation is a disadvantage of which of the following?

• Partnership

• Sole Proprietorship

• Corporation

• None of these

Which of the following is crucial while engaging in a business partnership?

• Semi-structured agreement

• No agreement

• Verbal agreement

• Written agreement

Which of the following we discussed as the the most critical challenges faced by Small Business Owners?

• Supply chain

• Distributors

• Suppliers

• Competition

Which of the following must be mentioned in the partnership written agreement:

• Names of suppliers

• How profits and losses will be distributed

• No mention of authority

Which of the following is an advantage of a partnership?

• Personality conflict

• Unlimited liability

• Limited access to capital

• Larger pool of capital

A corporation that has a large number of shareholders and whose stock usually is traded on one of the large stock exchanges

• Closely held corporation

• LLC

• Sole proprietorship

• Publicly held corporation