2.1.3 Liability Quiz
Assessment
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Alper Erol
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Business
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Professional Development
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1 plays
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Medium
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7 questions
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1.
OPEN ENDED
2 mins • 1 pt
What is meant by Unlimited Liability?
2.
OPEN ENDED
1 min • 1 pt
What type of businesses have Unlimited Liability?
3.
OPEN ENDED
2 mins • 1 pt
What is meant by Limited Liability?
4.
MULTIPLE SELECT
1 min • 1 pt
Which of the following are appropriate finance options for Unlimited Liability companies:
5.
MULTIPLE SELECT
1 min • 1 pt
Which of the following are appropriate finance options for Limited Liability companies:
6.
OPEN ENDED
2 mins • 1 pt
Briefly explain the following statement: A small supplier may be more willing to offer trade credit to a business with unlimited liability.
7.
OPEN ENDED
2 mins • 1 pt
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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