Quiz
Commerce Quiz
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Perguntas do quiz (6)
1What are the characteristics of a sole trader?
- ABusiness owned between two to 20 people, known as partners
- BOwned and operated by one entity
- CLess control
- DBusiness which trades shoes
- EShort hours
- FAll the control
- GUnlimited Liability
2What are the chaacteristics of a Partnership
- ABusiness owned by 2-20 people
- BCan be law firms
- CDon't suffer losses as bad
- DCan have limited liability or unlimited liability
- EHave to share the profits
- FLess control
- GConsultation opportunities
3What are some characteristics of a Private Company
- A1-50 private owners called shareholders
- BA company which is not willing to show their financial statements
- CMassive in size
- DSmall to medium in size
- EUnlimited liability
- FLimited Liability
- GSometimes family owned
- HHas perpetual succession
- IDoesn't have perpetual succession
- JListed on the stock exchange
4What are Some Characteristics of a Public Company
- ALimited number of shareholdes
- BSmall companies
- CHave perpetual succession
- DUsually listed on Securities Exchange
- ECan be sued
5Perpetual succession is the business concept where if the founder of the business is rendered unable to un the business, then the business will dissolve
- AVerdadeiro
- BFalso
6A 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
- Abalance sheet
- Bbudget sheet
- CExcel Document
Informações
- Descrição
- 9th grade Commerce Quiz sobre Commerce Quiz, criado por Saharsh Joshi em 23-05-2017.
- Autor
- Saharsh Joshi
- Idioma
- English
- Visualizações
- 21
- Etiquetas
- Avaliação
- 5,0 de 5 · 1 avaliação Avalie este quiz