Business Structures
Flashcard
•
Business
•
11th Grade
•
Hard
Wayground Content
FREE Resource
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20 questions
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1.
FLASHCARD QUESTION
Front
What is a form of business ownership in which 2 or more people jointly owns a business?
Back
Partnerships
2.
FLASHCARD QUESTION
Front
The major policy and financial decision makers of a corporation are determined by the...
Back
Board of Directors
3.
FLASHCARD QUESTION
Front
Can a sole trader run their business under a name different from their own?
Back
Yes
4.
FLASHCARD QUESTION
Front
Name the entity that has a separate legal person from its members, and these members are only liable for the cost of the shares they have purchased
Back
Limited Liability Company
5.
FLASHCARD QUESTION
Front
A partnership pays
Back
no tax
6.
FLASHCARD QUESTION
Front
A company must be registered with
Back
ASIC
7.
FLASHCARD QUESTION
Front
In a partnership, there are normally between
Back
2-20 members
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