10697255
Description
Quiz by Millie Walker, updated more than 1 year ago
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Created by Millie Walker
over 6 years ago
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Question 1
Question
What is unlimited liability?
Answer
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The owners personal assets are at risk of being taken to compensate for the debts
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The debts are the responsibility of the business, not the owner individually.
Question 2
Question
sleeping partners have unlimited liability.
Answer
- True
- False
Question 3
Question
public limited companies have to publish their financial accounts.
Answer
- True
- False
Question 4
Question
what are the 4 factors of production?
Answer
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land
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tertiary
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labour
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capital
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secondary
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enterprise
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primary
Question 5
Question
An Entrepreneur is somebody who _______________________ and is ________________ in order to gain __________________
Answer
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starts a business
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investors
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is very experienced
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profit/rewards
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is very wealthy
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willing to take the risks involved
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