Forms of Businesses
Authored by Mekhala Suriyarachchige
Business
University
Used 36+ times
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9 questions
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1.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Which of the following source of finance is
not available to partnerships?
Bank Loan
Leasing
Mortgage
Share Capital
2.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
What type of liability does a sole trader have?
Limited
Unlimited
Private
3.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
What is a private limited company often abbreviated as?
LTD
ARR
PLC
4.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Which one of the following types of business can sell shares to the general public?
PLC
Private Ltd
Corporative
5.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Which of the following statements about partnerships is true?
A partnership can have a maximum of 20 owners
A partnership must have at least two owners
A partnership must have a deed of partnership
6.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
What do the letters “Plc” in the name of a business stand for?
Private Limited Company
Public Liability Company
Public Limited Company
7.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Which of these is a benefit of being partnership?
There are more ideas in the business
There is unlimited liability
The owners have to give away a share of the business profits
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