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2.1.3 Liability Quiz

Authored by Alper Erol

Business

Professional Development

Used 1+ times

2.1.3 Liability Quiz
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7 questions

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1.

OPEN ENDED QUESTION

2 mins • Ungraded

What is meant by Unlimited Liability?

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2.

OPEN ENDED QUESTION

1 min • Ungraded

What type of businesses have Unlimited Liability?

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3.

OPEN ENDED QUESTION

2 mins • Ungraded

What is meant by Limited Liability?

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4.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Which of the following are appropriate finance options for Unlimited Liability companies:

Owners Capital

Bank Finance

Leasing

Share capital

5.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Which of the following are appropriate finance options for Limited Liability companies:

Share Capital

Bank Finance

Venture Capital

Crowdfunding

6.

OPEN ENDED QUESTION

2 mins • Ungraded

Briefly explain the following statement: A small supplier may be more willing to offer trade credit to a business with unlimited liability.

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7.

OPEN ENDED QUESTION

2 mins • Ungraded

Briefly explain the following statement: Despite limited liability a bank may be more willing to offer a loan to a private limited business

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