Business Studies- Forms of Business Organization Set 1

proprietorship ✘ partnership ✘ corporation ✘ cooperative ✔

the unlimited liability of the partners ✘ disagreement amongst partners ✘ shared management ✘ difficulty of termination ✔

silent partner ✘ general partner ✘ nominal partner ✘ dominant partner ✔

Imperial Oil ✘ Hospital for Sick Children ✘ Mouvement Caisse Desjardin ✘ YMCA ✔

Royal Bank ✘ YMCA ✘ BCE ✘ Air Canada ✔

joint venture ✘ partnership ✘ corporation ✘ proprietorship ✔

training and management assistance ✘ personal ownership ✘ nationally recognized name ✘ all of the above ✔

No liability for debts ✘ Unlimited liability ✘ Joint liability ✘ Limited liability ✔

Company ✘ Sole proprietorship ✘ Joint Hindu family business ✘ Partnership ✔

General public ✘ Government bodies ✘ Shareholders ✘ Employees ✔