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PDF Chapter 2 Forms of Business Organization Multiple Choice Questions

Chapter 2 Forms of Business Organization Multiple Choice Questions Q 1 The structure in which there is a separation of ownership and

  • What are the four basic business organizations?

    An overview of the four basic legal forms of organization: Sole Proprietorship; Partnerships; Corporations and Limited Liability Company follows.

  • What is the basic of business organization?

    A business organisation is an establishment intended to carry commercial business by producing goods or services and meet the customers' needs.
    Most of the organisations have a standard such as social structure, purpose goals, utilisation of resources, rules and regulations, etc.

  • What are the objective of business Organisation?

    Every business is centered around the motive of earning profit.
    This economic objective of business helps them to generate revenue and survive in the competitive market.
    Profits help in wealth creation, investments, marketing, innovation, and increased social responsibility.

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