Multiple Choice
Identify the
letter of the choice that best completes the statement or answers the question.
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1.
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Which
form of business organization is run by a single owner?
a. | Corporation | c. | Sole
Proprietorship | b. | Partnership | d. | More than one of the above
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2.
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Which
form of business organization can be owned by a million people?
a. | Corporation | c. | Sole
Proprietorship | b. | Partnership | d. | More than one of the above
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3.
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Which
form of business would end with the death of an owner?
a. | Corporation | c. | Sole
Proprietorship | b. | Partnership | d. | More than one of the above
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4.
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Which
form of business organization has unlimited liability?
a. | Corporation | c. | Sole
Proprietorship | b. | Partnership | d. | More than one of the above
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5.
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As a
generaly rule, which form of business organization can raise the most money?
a. | Corporation | c. | Sole
Proprietorship | b. | Partnership | d. | More than one of the above
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6.
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Which
form of business organization is easiest to start?
a. | Corporation | c. | Sole
Proprietorship | b. | Partnership | d. | More than one of the above
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7.
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Which
form of business organization gives you the most control over how the company is
run?
a. | Corporation | c. | Sole
Proprietorship | b. | Partnership | d. | More than one of the above
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8.
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Which
form of business organization has double taxation?
a. | Corporation | c. | Sole
Proprietorship | b. | Partnership | d. | More than one of the above
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9.
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Which
form of business organization can issue stocks?
a. | Corporation | c. | Sole
Proprietorship | b. | Partnership | d. | More than one of the above
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10.
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In
which form of business organization does the owner have the greatest risk of losing control of their
company?
a. | Corporation | c. | Sole
Proprietorship | b. | Partnership | d. | More than one of the above | | | | |
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