671772
Descrição
Quiz por James HERSH, atualizado more than 1 year ago
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Criado por James HERSH
aproximadamente 10 anos atrás
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Questão 1
Questão
What are the advantages of a Sole Trader.
Responda
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Easy to Set Up
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You get to be your own boss
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Working Longer Hours
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You decide what happens to profit
Questão 2
Questão
How many people are needed to form a partnership?
Responda
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2
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3
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1
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2-20
Questão 3
Questão
Which is an advantage of having a Limited company?
Responda
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Limited Liability
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Unlimited Liability
Questão 4
Questão
Sole Traders have ______________ liability
Responda
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Unlimited
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Limited
Questão 5
Questão
Partners can sign a _______________ - this shows how businesses will be run and how profit is shared. If there is no deed, _____________________.
Responda
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Deed of Partnership
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Profits are shared equally
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Document
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Profits are invested into the business
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Certificate of Incorporation
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Companies Act 1985
Questão 6
Questão
Partnerships have ______________ Liability.
Responda
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Unlimited
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Limited
Questão 7
Questão
What are sleeping partners?
Responda
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Partners who work during the night while others are asleep
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Partners who invest money into the business but are not actively involved in it
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Retired Partners
Questão 8
Questão
Sleeping Partners have _________________
Responda
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Limited Liability
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Unlimited Liability
Questão 9
Questão
Limited Companies are owned by at least__________ shareholders
Responda
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1
-
2
-
3
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4
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5
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10+
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20+
Questão 10
Questão
With Private Limited Companies. Shares are sold_________________________________who__________________________________. They receive___________ in return.
Responda
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privately to friends and family
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invest into the business.
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discounts
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Dividends
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Publicly on the stock market
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purchase products from the business
Questão 11
Questão
All shareholders have ________________ liability.
Responda
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Limited
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Unlimited
Questão 12
Questão
Each shareholder has some control of the business, they vote annually for____________________________.
Responda
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Directors at AGMs
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New products/services for the company to offer
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how much dividends they receive
Questão 13
Questão
What information is needed to register a company. (Limited Companies)
Responda
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A Memorandum of Association
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Articles of Association
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Certificate of Incorporation
Questão 14
Questão
A limited companies accounts can be viewed by anyone
Responda
- True
- False
Questão 15
Questão
A memorandum of Association is ______________________________________________
Responda
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a document giving the name, address, activity and shares of the company.
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a document giving details of the voting rights of the shareholders, how profits, will be shares and what the directors do.
Questão 16
Questão
Articles of Association is ______________________________________________
Responda
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a document giving details of the voting rights of the shareholders, how profits, will be shares and what the directors do.
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a document giving the name, address, activity and shares of the company.
Questão 17
Questão
What does Unlimited liability mean
Responda
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The owner/s are responsible for all the debts of the business. Risk: Own Possessions.
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Shareholders (owners) are only responsible for the amount they invested.
Questão 18
Questão
When a business has been registered at Companies House it will then receives a ____________________
Image:
CH_TL_keyline (image/jpg)
Responda
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certificate of incorporation
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memorandum of association
Questão 19
Responda
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is a document containing information about shares
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a list of products/services a company offers
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a document which allows them to start trading
Questão 20
Questão
A business owner decided not to offer any stocks for sale to the public. What type of corporation are they an example of?
Responda
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Limited (Private)
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Limited (Public)
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Sole Trader
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Partnership
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