Which of the Following Is the Preferred Form of Organization

question 92

Multiple Choice

Which of the following is the preferred form of organization with regards to transferability of ownership?

• A) Sole proprietorship
• B) General partnership
• C) C corporation
• D) It depends on the circumstances.

Identify the disadvantages and complexities associated with different forms of business ownership, including sole proprietorship, partnership, and corporation.

Recognize the challenges of raising capital in sole proprietorships.

Understand the legal and operational complexities involved in forming and maintaining corporations.

Describe the purpose and structure of joint ventures and limited partnerships.

---

Definitions:

Strategic Control

A management activity focused on monitoring and guiding the strategy implementation process to ensure that the organization's strategic goals are met.

Control Measures

Strategies, policies, or actions implemented to prevent, manage, or mitigate risk, ensure compliance, or meet operational benchmarks.

Cycle Time

The total time from the beginning to the end of a process, operation, or cycle, often used to assess efficiency and productivity in manufacturing and other processes.

Raw Materials

Basic materials from which products are made, typically extracted natural resources or agricultural products.