A. Sole proprietorship
B. Partnership
C. Enterprise
D. Corporation
Related Mcqs:
- 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 ?
A. Sole proprietorship
B. Entrepreneurship
C. Partnership
D. Corporation - Double taxation is a disadvantage of which business organization ?
A. Sole proprietorship
B. Partnership
C. Corporation
D. Enterprise - 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 - The original record of a business transaction is recorded in this book_____________?
A. Work book
B. Journal
C. Ledger
D. Account book - 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 - 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 - What represents the share of participation in business organizations?
A. Franchise
B. Partnership
C. Stock
D. Corporation - 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 - __________________ 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 - All the proceeds which are received by the business as a result of the sale of goods is called _________________?
A. Net income
B. Gross income
C. Net revenue
D. Total sales
