Business Entities Quiz
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Questions and Answers

Which type of business entity is formed and administered as per corporate law?

  • Cooperative
  • Sole trader
  • Corporation (correct)
  • Limited liability company
  • In which countries are private companies limited by shares commonly found?

  • Germany and France
  • United States and Canada
  • United Kingdom, Ireland, and the Commonwealth (correct)
  • China and Japan
  • What type of business entity is characterized by shared ownership and limited liability for its members?

  • Limited liability company (correct)
  • Sole trader
  • Partnership
  • Chartered company
  • Which type of business entity is specifically permitted and labelled in various legal systems?

    <p>Statutory corporation</p> Signup and view all the answers

    What type of business entity is formed by a single individual and has unlimited liability?

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

    When was Delhi Skill and Entrepreneurship University (DSEU) established?

    <p>2020</p> Signup and view all the answers

    How many total campuses does Delhi Skill and Entrepreneurship University (DSEU) have in Delhi?

    <p>19</p> Signup and view all the answers

    Who serves as the chancellor of Delhi Skill and Entrepreneurship University (DSEU)?

    <p>Lieutenant Governor of Delhi</p> Signup and view all the answers

    Under which act was Delhi Skill and Entrepreneurship University (DSEU) established?

    <p>Delhi Skill and Entrepreneurship University Act, 2019</p> Signup and view all the answers

    How many postgraduate courses does Delhi Skill and Entrepreneurship University (DSEU) offer?

    <p>2</p> Signup and view all the answers

    Study Notes

    Business Entities

    • Corporations are formed and administered under corporate law.
    • Private companies limited by shares are common business entities in many countries, including the United Kingdom, United States, and Canada.
    • Partnerships are characterized by shared ownership and limited liability for its members.
    • Limited liability companies are specifically permitted and labelled in various legal systems.
    • Sole proprietorships are formed by a single individual and have unlimited liability.

    Delhi Skill and Entrepreneurship University (DSEU)

    • DSEU was established in 2021.
    • DSEU has a total of 7 campuses in Delhi.
    • The Chancellor of DSEU is the Lieutenant Governor of Delhi.
    • DSEU was established under the Delhi Skill and Entrepreneurship University Act, 2020.
    • DSEU offers 13 postgraduate courses.

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    Description

    Test your knowledge of business entities with this quiz! Explore the various types of business entities, including corporations, cooperatives, partnerships, and more. Gain insight into the legal aspects and purposes of business entities in different countries.

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