BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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partnership
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proprietorship
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corporation
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conglomerate
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Detailed explanation-1: -I take all the risks of doing business. I keep all the profits. a. Sole Proprietorship.
Detailed explanation-2: -“Thus, a company is an artificial legal person having an independent legal entity. Merits of Company Organisation: The company form of business ownership has become very popular in modern business on account of its several advantages: 1.
Detailed explanation-3: -A partnership is an arrangement between two or more people to oversee business operations and share its profits and liabilities. In a general partnership company, all members share both profits and liabilities. Professionals like doctors and lawyers often form a limited liability partnership.
Detailed explanation-4: -The sole proprietorship is the most common form of business organization. One person conducts business for him or herself. A sole proprietorship is not a legal entity. It has no life of its own separate and apart from the owner of the business.