Which of the Following Types of Business Organization Is Easy

question 20

Multiple Choice

Which of the following types of business organization is easy to start and easy to terminate?

• A) Proprietorship
• B) Partnership
• C) Corporation
• D) Only proprietorship and partnership

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Definitions:

Liabilities

Financial obligations or debts owed by a person or company, which are required to be paid back.

Admired

Regarded with respect or warm approval due to qualities such as achievements, personality, or contributions to society.

Culture

A collection of common beliefs, objectives, traditions, and behaviors that defines a company, society, or team.

Top Management

The highest level of managers in an organization, responsible for controlling and directing its overall operations.