
Types of business
Quiz by Natalia Quiroga
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6 questions
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- Q1Public Limited Companies are businesses in the public sector. True or False?FalseTrue30s
- Q2Public and Private limited companies are in the private sector. True or False?FalseTrue30s
- Q3Sole Traders and Partnerships are unincorporated businesses. True or FalseTrueFalse30s
- Q4If a sole trader dies the business has NO continuity. This is because they...are unincorporated businessesare incorporated businessesare franchiseshave limited liability30s
- Q5Limited liability means:if the business goes bankrupt shareholders only lose their investment but are not held responsible for the debts.owners are held responsible for the debts of the businessit is an unincorporated business30s
- Q6Incorporated business means :owner and business have the same legal identitityunlimited liabilityowner and business have different legal identity30s