F.4_Economics_Chapter 10_limited companies_0122

Which of the following is NOT a feature of a private limited company?

• A. It has a minimum of one shareholder and a maximum of 50 shareholders.

• B. Shares are freely transferable. (自由轉讓)

• C. It cannot invite the public to subscribe for its shares. (不可公開招股)

• D. It need not disclose its accounts to the public. (不須向公眾公開賬目)

If a private limited company is converted into a listed company,

• A. it will lose its status as a legal entity. (失去法人地位)

• B. the risk of being taken over (被收購風險) will increase.

• C. its profits (利潤) will increase.

• D. None of the above

Which of the following comparisons (比較) between a private limited company and a public limited company is correct?

• A. More capital is required (需要更多資金) to set up a public limited company.

• B. A public limited company is subject to a higher profits tax rate.

• C. A public limited company employs more employees. (更多員工)

• D. A public limited company has more sources of capital.

  (更多資金來源)

Which of the following about a firm that possesses a separate legal status is/are correct?

• A. The firm, instead of its owners, assumes all responsibilities. (公司承擔所有責任)

• B. The firm owns properties, engages in lawsuits (官司) and makes contracts, thus its owners no longer have any control over their firm. (失去控制權)

• C. The firm can invite the public to subscribe for its shares. (公開招股)

• D. Both A and C are correct.

A Hong Kong registered firm has 170 shareholders. All of them enjoy limited liability (有限負債). This firm must be a ___________ but not necessarily (未必) a ___________.

• A. partnership ... private limited company

• B. private limited company ... sole proprietorship

• C. public limited company ... listed company

• D. sole proprietorship ... private limited company

Which of the following is NOT a feature of a limited company?

• A.  It is an independent legal entity. (獨立法人地位)

• B.  Set-up procedures are complicated. (複雜的成立程序)

• C.  Ownership and management can be separated.

• D.  All of the above are features of a limited company.