Forms of Business Organization

I started a small printing service on my own. I am the only owner. What form of business do I have?

• Sole Proprietorship

• Partnership

• Corporation

• Cooperative

A group of five people came together to sell school supplies and signed a legal agreement to share profits and responsibilities.

• Sole Proprietorship

• Corporation

• Partnership

• Service Organization

Which type of business produces goods from raw materials?

• Service

• Manufacturing

• Merchandising

• Wholesale

A store buys products in bulk and sells them to customers at a higher price. This business is what type?

• Manufacturing

• Service

• Merchandising

• Partnership

What is corporation?

• A business that repairs and installs air conditioners

• A business owned by many shareholders

• A business owned by one person

• A business that makes plastic containers from raw materials

What is service business?

• A business that repairs and installs air conditioners

• A business owned by many shareholders

• A business owned by one person

• A business that makes plastic containers from raw materials

What is sole proprietorship?

• A business that repairs and installs air conditioners

• A business owned by many shareholders

• A business owned by one person

• A business that makes plastic containers from raw materials

What is manufacturing?

• A business that repairs and installs air conditioners

• A business owned by many shareholders

• A business owned by one person

• A business that makes plastic containers from raw materials