Question
From the list provided, choose the answer that best fits for each of the three most common forms of business organizations. ProprietorshipPartnershipCorporation What do we
From the list provided, choose the answer that best fits for each of the three most common forms of business organizations.
ProprietorshipPartnershipCorporationWhat do we call the owner or owners?
Shareholders
Partners
Proprietor
Shareholders
Proprietor
Partners
Shareholders
Partners
Proprietor
How many owners for the business?
One or more
One
Two or more
Two or more
One or more
One
Two or more
One
One or more
What is the owners' personal liability for the business?
Unlimited
Limited
Unlimited
Limited
Unlimited
Limited
Is the business private or public?
Private
Usually private
Private or public
Private
Private or public
Usually private
Private
Usually private
Private or public
Who pays tax on the profits?
Paid by the corporation
Paid by the owner(s)
Paid by the partners
Paid by the corporation
Paid by the partners
Paid by the owner(s)
Paid by the partners
Paid by the owner(s)
Paid by the corporation
What is the life of the organization?
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Hospitals What They Are And How They Work
Authors: Don Griffin, Donald J Griffin
3rd Edition
076372758X, 9780763727581
