GENERAL KNOWLEDGE

GK

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What are the three main forms of business in today’s economic
A
Sole proprietorship, the partnership, Market economy
B
Partnership, Sole Proprietorship, Corporation Economy
C
Merchandising Business, Sole proprietorship, Partnership
D
The sole proprietorship, the partnership, and the corporation
Explanation: 

Detailed explanation-1: -Sole Proprietorship – This is the traditional and popular form of business organization. Partnership – In partnership, two or more individuals come together to start a business. Corporation – It is the most complicated business structures because it adds more laws and tax claims. More items

Detailed explanation-2: -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.

Detailed explanation-3: -Sole Proprietorship. A Sole Proprietorship is the most basic type of business organization in the Philippines. One-Person Corporation. A One Person Corporation, or OPC, is a special corporation with a single stockholder. Partnership. More items

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