Types And Basic Features of Business Enterprises/Organisations - SS1 Economics Past Questions and Answers - page 1
1
Which type of business has unlimited liability for the owner?
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A
Corporation
B
 Limited Liability Company
Â
C
Sole Proprietorship
D
Partnership
2
Which type of business is owned by shareholders?
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A
Corporation
Â
B
Limited Liability Company
Â
Â
Â
C
Sole Proprietorship
D
Partnership
3
Which type of business combines the benefits of a corporation and a partnership?
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A
Corporation
B
Limited Liability Company
Â
Â
Â
C
Sole Proprietorship
D
Cooperative
4
Which type of business is owned and operated by a group of individuals who share the profits and have a say in the management of the business?
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A
Corporation
B
Limited Liability Company
C
Sole Proprietorship
D
Cooperative
Â
5
Which type of business has partners who share the profits and losses of the business?
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A
Corporation
Â
B
Limited Liability Company
Â
Â
Â
C
Sole Proprietorship
D
Partnership
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