Types of business-Evaluation Questions
Quiz by Daniel
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- Q 1/8Score 0The picture above shows a particular type of business organization. Give the name of the type of business above.29Sole trader
8 questions
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- Q1The picture above shows a particular type of business organization. Give the name of the type of business above.Sole trader30s
- Q2What does the term "Continuity" mean?If the owner dies the company closes up as well30s
- Q3What does the term "limited" in a company's name mean?Limited in terms of " liability" / "risks"30s
- Q4The number of persons allowed in a partnership is between 2-10. True / FalseFalse.30s
- Q5Define the term " Separate Legal Entity"The owner and the company are seen as separate entities. The company can be sued but this does not mean that the owner can be held accountable or be sued.30s
- Q6List two types of partnerships.Limited Liability Partnership, General Partnership30s
- Q7List three (3) Advantages of a Public Limited CompanyCan raise additional funds by selling shares, limited liability, separate legal entity30s
- Q8A conglomerate is a business that has other similar businesses in other industries? True/FalseFalse30s
