Which of the Following Ownership Structures Holds a Business Owner

question 55

Multiple Choice

Which of the following ownership structures holds a business owner personally responsible for all debts of the business?

• A) private corporation
• B) public corporation
• C) sole proprietorship
• D) LLP

---

Definitions:

Organizational Culture

The shared values, beliefs, attitudes, and practices that define a company and influence its interactions and operations.

Strategic Business Issues

Significant challenges or opportunities that affect an organization's strategy and business direction.

Training Effectiveness

The degree to which training programs achieve their intended outcomes, such as improving skills, knowledge, or job performance.

Orientation

The process of introducing new employees to their job, the company culture, and the organizational values and expectations.