Froggy Jumps Advantages and Disadvantages of Types of Business Organization QuizOnline version Student will be given 5 Mutiple choice questions to select the correct answers on the 5 Types of Business Organizations in the field of accounting. by Rushaine Thomas 1 One advantage of Sole Trader............. a decisions are easy to make as one person makes the decisions for the business b decisions are made by multi persons making it hard to make c none of the above 2 An advantage of a Cooperative Organization is a there is a limit on the number of members. b the voting rights for members are not equal. c responsibilities are shared. 3 Which of the following is an advantage of Non-profit organization? a can only be operated by one person b form to provide help to others in need c consistly needs donation 4 Which of the following is a disadvantage of partnership? a Having more people in a business will not complicate decision-making and decrease profits b Disagreement between equally sharing partners is one of the biggest reasons that companies dissolve. c With many partners, a business has a much richer source of capital. 5 Which of the following is a disadvantage of cooperation? a Double taxation b It is not especially difficult for a shareholder to sell shares in a corporation. c Can raise more funds than sole proprietor through the sale of shares.
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