A. Franchise
B. Partnership
C. Stock
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 - What is an accounting term that represents an inventory account adjustment ?
A. Cost of goods sold
B. Cost accounting
C. Standard cost
D. Overhead cost - What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled ?
A. Authorized capital stock
B. Preferred stock
C. Incorporator stock
D. Common stock - What stock represents ownership and enjoys certain preferences than ordinary stock ?
A. Authorized stock
B. Preferred stock
C. Incorporator’s stock
D. Presidential stock - In computing depreciation of an equipment, which of the following represents the first cost ?
A. The original purchase price and freight charges
B. Installation expenses
C. Initial taxes and permit fees
D. All of the above - If 850 kg liquid occupies volume of one cubic meter, men 0.85 represents its_______________?
A. specific weight
B. specific mass
C. specific gravity
D. specific density
E. none of the above - 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 - 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
