9053365
Beschreibung
Quiz von Saharsh Joshi, aktualisiert more than 1 year ago
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Erstellt von Saharsh Joshi
vor fast 7 Jahre
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Frage 1
Frage
What are the characteristics of a sole trader?
Antworten
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Business owned between two to 20 people, known as partners
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Owned and operated by one entity
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Less control
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Business which trades shoes
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Short hours
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All the control
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Unlimited Liability
Frage 2
Frage
What are the chaacteristics of a Partnership
Antworten
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Business owned by 2-20 people
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Can be law firms
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Don't suffer losses as bad
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Can have limited liability or unlimited liability
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Have to share the profits
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Less control
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Consultation opportunities
Frage 3
Frage
What are some characteristics of a Private Company
Antworten
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1-50 private owners called shareholders
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A company which is not willing to show their financial statements
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Massive in size
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Small to medium in size
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Unlimited liability
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Limited Liability
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Sometimes family owned
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Has perpetual succession
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Doesn't have perpetual succession
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Listed on the stock exchange
Frage 4
Frage
What are Some Characteristics of a Public Company
Antworten
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Limited number of shareholdes
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Small companies
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Have perpetual succession
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Usually listed on Securities Exchange
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Can be sued
Frage 5
Frage
Perpetual succession is the business concept where if the founder of the business is rendered unable to un the business, then the business will dissolve
Antworten
- True
- False
Frage 6
Frage
A financial statement/[blank_start]balance sheet[blank_end] shows the assets, liabilities, capital. From this we can tell the business' financial position at the time
Antworten
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balance sheet
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budget sheet
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Excel Document
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