A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities ?

Related Mcqs:

1. The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as _____________________?

   A. Yield
   B. Economic return
   C. Earning value
   D. Gain

2. What is the simplest form of business organization ?

   A. Sole proprietorship
   B. Partnership
   C. Enterprise
   D. Corporation

3. An association of two or more persons for the purpose of engaging into a business for profit is called ____________________?

   A. Entrepreneurship
   B. Partnership
   C. Proprietorship
   D. Corporation

4. __________________ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations?

   A. Status company
   B. Big income
   C. Known owners
   D. Goodwill

5. The flow back of profit plus depreciation form a given project is called ___________________?

   A. Capital recovery
   B. Cash flow
   C. Economic return
   D. Earning value

6. Double taxation is a disadvantage of which business organization ?

   A. Sole proprietorship
   B. Partnership
   C. Corporation
   D. Enterprise

7. What refers to the residual value of a company’s assets after all outside liabilities (shareholders excluded) have been allowed for ?

   A. Dividend
   B. Equity
   C. Return
   D. Par value

8. Aggregation of individuals formed for the purpose of conducting a business and recognized by law as a fictitious person is called ________________________?

   A. Partnership
   B. Investors
   C. Corporation
   D. Stockholders

9. A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ___________________?

   A. Cooperative
   B. Corporation
   C. Enterprise
   D. Partnership

10. The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are below.

    1. The construction of the building now to cost P 400,000
    2. The construction of a smaller building now to cost P300,000 and at the end of 5 years, an extension to be added to cost P 200,000.
    By how much is proposal B more economical than proposal A if interest rate is 20% and depreciation to be neglected ?

    A. P 19,122.15
    B. P 19,423.69
    C. P 19,518.03
    D. P 19,624.49