Civil Engineering MCQs

Page No. 58

An association of two or more persons for the purpose of engaging into a business for profit is called ____________________?


aEntrepreneurship


bPartnership


cProprietorship


dCorporation


View Answer Partnership

Which is true about corporation ?


aIt is worse type of business organization.


bThe minimum number of incorporators to start a corporation is three.


cIts life is dependent on the lives of the incorporators.


d The stock holders of the corporation are only liable to the extent of their investments.



Which is true about partnership ?


aIt has a perpetual life


bIt will be dissolved if one of the partners ceases to be connected with the partnership


c It can be handed down from one generation of partners to another


dIts capitalization must be equal for each partner



In case of bankruptcy of a partnership________________?


a The partners are not liable for the liabilities of the partnership


bThe partnership assets (excluding the partners personal assets) only will be used to pay the liabilities


cThe partners personal assets are attached to the debt of the partnership


dThe partners nay sell stock to generate additional capital



Double taxation is a disadvantage of which business organization ?


a Sole proprietorship


bPartnership


cCorporation


dEnterprise


View Answer Corporation

What is the simplest form of business organization ?


aSole proprietorship


bPartnership


cEnterprise


dCorporation


View Answer Sole proprietorship

Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence ?


aCorporation


bProperty


cPartnership


dOrganization


View Answer Property

A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities ?


aSole proprietorship


bEntrepreneurship


cPartnership


dCorporation


View Answer Sole proprietorship

What is the factor name of the formula [i(1+i)^n]/[((1+i)^n)-1] ?


aUniform series sinking fund


bCapital recovery


c Single payment present worth


dUniform gradient future worth


View Answer Capital recovery

What is the factor name of the formula (1+i)^-n ?


aUniform gradient future worth


bCapital recovery


cSingle payment present worth


dSingle payment compound amount



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