Limited Liability Companies (4)

Question 1

Question

Are limited companies unincorporated or incorporated?

Answer

Incorporated
Unincorporated

Question 2

Question

Limited companies can have shareholders.

Answer

True
False

Question 3

Question

What is the name for the profit that is paid to shareholders?

Answer

Capital
Dividend
Tax
entrepreneur

Question 4

Question

Private limited companies tend to be small or medium-sized. Which is the correct feature of private limited companies?

Answer

Shares in private limited companies cannot be traded or the stock market.
shares can be advertised for sale.
Financial information does not have to be made public.

Question 5

Question

Even though Private limited companies tend to be small, there are many advantages. Pick one.

Answer

control cannot be lost to outsiders.
Profits are shared between more owners.
The business name ends in Ltd.
Shareholders have limited liability.

Question 6

Question

What is a joint venture?

Answer

Where a business allows another operator to trade under their name.
Where two or more companies share the cost, responsibility and profits of a business venture. Most joint ventures involve 2 firms and the costs and profits are shared equally.
Where countries can trade and sell freely across their borders.

Question 7

Question

A stock market is a market for shares in plcs.

Answer

True
False

Question 8

Question

Public limited companies tend to be larger that private limited companies. What are some disadvantages of a public limited company? name 2.

Answer

Large amounts of capital can be raised.
May be more remote to customers.
More financial information has to be made public.
Setting up costs can be cheap.

Question 9

Question

flotation is the process of a company 'going public'.

Answer

True
False

Question 10

Question

public companies have stocks on the market.

Answer

True
False

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Limited Liability Companies (4)

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Resource summary

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Question 9

Question 10

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	Created by marilia.leme over 9 years ago