Types of Business organization

Question 1

What type of business is owned and operated by a single individual?

Answer 1

Sole Proprietorship

Question 2

What is a business owned by two or more people who share profits?

Answer 2

Partnership

Question 3

What type of company issues stocks to raise capital?

Answer 3

Corporation

Question 4

What is a firm owned and controlled by a group of users for their own benefit?

Answer 4

Cooperative