EQL201 1

Company is a place where goods are services are produced.

• True

• False

Private companies are privately owned businesses.

• True

• False

Public companies goes private with IPOs.

• True

• False

IPO is the Initial Public Offer made by a private company.

• Yes

• No

Shareholders also share ownership in the company.

• True

• False

A shareholder can have as little as ____ share/s.

• five

• one

_____ is owned by one person.

• Public company

• Sole proprietorship

In Limited Liability Company, the owner is personally liable.

• True

• False

If you share the ownership of your company, the burden _____.

• increases

• decreases

In sole proprietorship, there is distinction of ownership between owner and company.

• Yes

• No