Business Studies- Forms of Business Organization

1952 ✘ 1960 ✘ 1932 ✘ 1956 ✔

corporation ✘ conglomerate ✘ partnership ✘ public corporation ✔

senior partner ✘ general partner ✘ silent partner ✘ limited partner ✔

limited liability of shareholders ✘ more money for investment ✘ increased flexibility ✘ shared management ✔

profits are not subject to income tax ✘ one vote per share ✘ dividends are paid on a per share basis ✘ all of the above ✔

general partnership ✘ joint venture ✘ corporation ✘ sole proprietorship ✔

aerospace ✘ agriculture ✘ manufacturing ✘ all of the above ✔

One share one vote ✘ One man one vote ✘ No vote ✘ Multiple votes ✔

Company ✘ All business organisations ✘ Partnership ✘ Sole proprietorship ✔

Share ✘ Dividend ✘ Profit ✘ Interest ✔