Forms of ownership

What is the minimum amount of partners a partnership can have?

• 1

• 2

• 10

• 20

Which form of ownership ends with Ltd?

• Closed corporation

• Private company

• Public company

• State owned company

Which form of ownership doesn't have limited liability?

• Closed corporation

• Private company

• Public company

• Partnership

Which form of ownership is not seen as a legal entity?

• Closed corporation

• Private company

• Public company

• Sole trader

Which form of ownership can sell shares to the general public?

• Closed corporation

• Private company

• Public company

• Sole trader

Keeping all profits of the business can be an advantage of which form of business?

• Closed corporation

• Private company

• Partnership

• Sole trader

If a one of the partners decide to leave, retire what happens?

• It will continue

• It will close down

• Nothing will change

• A company must be formed

What is the minimum amount of directors a private company can have?

• 1

• 2

• 10

• 20

Who manage companies?

• Shareholders

• Owners

• Directors

• Managers

Who are the owners of companies?

• Shareholders

• Owners

• Directors

• Managers