Business Entities and Organizational Forms Quiz
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Questions and Answers

Which business entity has unlimited liability for its owner?

  • Private Limited Liability Company
  • Partnership (correct)
  • Sole Trader
  • Registered Company

    • Which legislative requirement governs the registration of business names in Dominica?

  • Partnership Act, Chapter XX
  • Registration of Businesses Names Act, Chapter 78:46 (correct)
  • Business Entities Registration Act, 1998
  • Companies Act, No. 21 of 1994

    • Which business entity offers limited liability to its owners?

  • Traditional Partnership
  • Private Limited Liability Company (correct)
  • Partnership
  • Sole Trader

    • Which type of business entity is also referred to as a sole proprietor?

    <p>Sole Trader</p> Signup and view all the answers

    Which concept relates to the separate legal existence of a business entity from its owners?

    <p>Incorporation</p> Signup and view all the answers

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