Agricultural Business: Management - Types of Ownership

Which of the following is the most common form of business ownership?

• Sole proprietorship

• Partnership

• Corporation

• Franchise

Which of the following is NOT a disadvantage of a sole proprietorship?

• Owner has limited skills

• Harder to raise money

• High start-up costs

• Higher governmental regulations

Which of the following types of business ownership includes contract farming?

• Corporations

• Sole propietorship

• Partnerships

• Cooperatives

Which of the following types of business ownership includes corporate farming?

• Corporations

• Sole propietorship

• Partnerships

• Cooperatives

Which of the following is NOT an advantage of an agriculture cooperative (co-op)?

• Voluntary membership

• Locations are limited

• Each member gets a vote

• Helps other co-ops

Which of the following is the least common form of business organization?

• Sole proprietorship

• Partnership

• Corporation

• Franchise

For which of the following does the parent company share experiences and

proven techniques?

• Sole proprietorship

• Partnerships

• Corporation

• Franchise

Which of the following is a firm or business owned and operated by its members?

• Cooperative (co-op)

• Partnership

• Corporation

• Fanchise

Which of the following is subject to more governmental regulations?

• Cooperative (co-op)

• Partnership

• Corporation

• Franchise

What form of partnership has unequal shares and liability for the partners?

• General partnership

• Limited partnership

• Semi partnership

• Restricted partnership