Accountancy, asked by CallMeMarvin, 4 months ago

Activity 3: Please, Know Me!

Directions: Analyze whether the sentence/ word is referred to as a Sole

Proprietorship, Partnership, or a Corporation.

1. A type of business that is owned and managed by 2 or more

owners.

2. Owns all the assets of his/her business and personally shoulders

all liabilities and losses.

3. Stronger potential to access to greater amounts of capital.

4. Flexible in providing capital

5. Ownership can be transferred by selling its stocks

6. Least costly among the forms of ownership

7. Limited liability

8. Low operational overhead

9. Developing partnership agreements is required in forming this

business.

10. A form of business mainly composed of 5 to 15 incorporators.

11. Board of Directors

12. Limited and General Partners

13. Has a complete control and authority of its own.

14. Its registration is through the Bureau of Trade Regulation and

Consumer Protection (BTRCP) of the Department of Trade and

Industry (DTI).

15. A juridical entity that registered with the Securities and Exchange

Commission generally composed of maximum of 15 qualified and

trusted individuals.​

Answers

Answered by simaran35
2

Explanation:

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