Free Printable Module 6: Forms & Economic Roles of Business

1.

What form of business organization that has the largest sales volume

a)

Proprietorship

b)

Partnership

c)

Cooperative

d)

Corporation

2.

What is the simplest form of business ownership?

a)

Proprietorship

b)

Partnership

c)

Corporation

d)

Cooperative

3.

Which of the following is an advantage of a sole proprietorship?

a)

Ease of starting of the business

b)

Being your own boss

c)

Pride of ownership

d)

All of the above

4.

What is the main disadvantage of general partnership?

a)

The unlimited liability of the partners

b)

Shared management

c)

Disagreement among the partners

d)

Difficulty of termination

5.

It is a business with two or more partners. What form of business is it?

a)

. Corporation

b)

Conglomerate

c)

Partnership

d)

Public Corporation

6.

Which of the following is the most important reason for incorporating?

a)

Limited liability of shareholders

b)

Increased flexibility

c)

More money for investment

d)

Shared Management

7.

Which of the following is an example of non-profit organization?

a)

Manila Water

b)

Meralco

c)

Makati Medical

d)

D. YMCA

8.

What is the form of business that provides the greatest degree of continuity?

a)

General Partnership

b)

Corporation

c)

Joint Venture

d)

Sole Proprietorship

9.

Which of the following is a characteristics of a cooperative?

a)

Profits are not subject to tax

b)

One vote per share

c)

Dividends are paid on a per share basis

d)

All of the above.

10.

What is the most effective form of business organization for sharing capital?

a)

Proprietorship

b)

Partnership

c)

Cooperative

d)

Corporation

Module 6: Forms & Economic Roles of Business

Total questions: 10

Worksheet time: 5mins

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