Free CBM Exam Braindumps
Certified Business Manager (CBM) Questions 156–160 (page: 33)

Updated On: 10-Feb-2026

Which of the following are the main forms of business organizations?

  1. Sole proprietorships, partnerships and finance associations
  2. Sole proprietorships, partnerships and capital ownerships
  3. Sole proprietorships, partnerships and joint ventures
  4. Sole proprietorships, partnerships and corporations

Answer(s): D



___________ is not a separate taxable entity and only the single owner is taxed.

  1. Sole stakeholder
  2. Sole proprietorships
  3. Sole possessor
  4. Sole vendor

Answer(s): B



An unincorporated business association of two or more persons to carry on as co-owners of a business for profit is called:

  1. General partnership
  2. Limited partnership
  3. Limited Liability partnership
  4. Limited Liability Limited partnership

Answer(s): A



An unincorporated business association of two or more persons to carry out a particular business enterprise for profit is known as:

  1. Speculation
  2. Business enterprise
  3. Joint venture
  4. None of the above

Answer(s): C



A legal entity separate and distinct from its owners is called:

  1. Government firm
  2. Non-profit organization
  3. Corporation
  4. Business trustee

Answer(s): C



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