company 2
Authored by kelum S
Professional Development
Professional Development
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20 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Owners are not personally liable for the firm's debts, only for the amount of contributed capital, this is...
unlimited liability
limited liability
franchising
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Disadvantages of partnerships (2):
there is someone to consult on business decisions
shared responsibility
more capital
unlimited liability
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When a company has its own legal identity and can sue or own assets in its own right
incorporated
legal
private
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
private limited company (2)
number of members from 1 to 50
a large, well-known business
number of members from 7 and no limit
shares are traded on the stock exchange freely
is often a small business
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Public limited company (3)
number of members from 2 to 50
a large, well-known business
number of members from 1 and no limit
shares are traded on the stock exchange freely
is often a small business
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Maximum number of members in Public Limited company
No limit
100
50
200
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Minimum number of members in Private company
7
10
2
1
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