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Types of business

Quiz by Natalia Quiroga

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6 questions
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  • Q1
    Public Limited Companies are businesses in the public sector. True or False?
    False
    True
    30s
  • Q2
    Public and Private limited companies are in the private sector. True or False?
    False
    True
    30s
  • Q3
    Sole Traders and Partnerships are unincorporated businesses. True or False
    True
    False
    30s
  • Q4
    If a sole trader dies the business has NO continuity. This is because they...
    are unincorporated businesses
    are incorporated businesses
    are franchises
    have limited liability
    30s
  • Q5
    Limited 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 business
    it is an unincorporated business
    30s
  • Q6
    Incorporated business means :
    owner and business have the same legal identitity
    unlimited liability
    owner and business have different legal identity
    30s

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