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1. which one is not a type of partners
A
Dormant partner
B
Quasi partner
C
Calm partner
2. What is the main purpose of a business organisation?
A
To provide a service
B
To create job opportunities
C
To make a profit
3. What is a sole proprietorship?
A
A business owned by the government
B
A business owned by one person
C
A business owned by multiple partners
4. What is a partnership?
A
A business owned by a single individual
B
A business owned by two or more individuals
C
A business owned by shareholders
5. What is a corporation?
A
A legal entity separate from its owners
B
A business owned by the government
C
A business owned by a sole proprietor
6. What is a limited liability company (LLC)?
A
A business owned by multiple partners
B
A hybrid business structure that provides limited liability to its owners
C
A business owned by shareholders
7. What is a non-profit organization?
A
An organization that operates for profit
B
An organization that operates for a social cause rather than making a profit
C
An organization that operates without any legal structure
8. What is a cooperative?
A
A business owned by shareholders
B
A business owned by a single individual
C
A business owned and operated by its members
9. What is a franchise?
A
A business model where a person buys the rights to operate a business under an established brand
B
A business owned by the government
C
A business owned by a sole proprietor
10. What is a merger?
A
The combination of two or more companies to form a new company
B
The dissolution of a company
C
The acquisition of a company by another company
11. What is a joint venture?
A
A business arrangement where two or more parties agree to work together on a specific project
B
A business owned by shareholders
C
A business owned by a single individual
12. which one is a business organization
A
Partnership
B
Utility
C
Liability