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ABM Chapter 3 Forms of Business Organizations and Types of Businesses

Sample Exercise
Choose your answer from the given words inside the box. Answers may be repeated.
Service Partnership Manufacturing
Trading Profit
Sole proprietorship Corporation

1.__________ is a business owned by two or more persons.


2.__________ business buys goods and sells them as is.
3.__________ is a business owned by five or more persons and is required to be
registered with the
SEC.
4.__________ is the goal of a nonprofit organization, also called NGO.
5.__________ is a business owned by one person.
6.__________ business converts raw materials to finished goods.
7.__________ business is called a merchandising business.
8.__________ Primary goal of a business.

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