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Questions and Answers
What is business according to the text?
What is business according to the text?
- The practice of making a living through investment
- The practice of making a living by producing or buying and selling products (correct)
- The practice of making a living through employment
- The practice of making a living by providing services
How does having a business name impact the business entity according to the text?
How does having a business name impact the business entity according to the text?
- It provides complete separation of the business entity from the owner
- It exempts the owner from personal taxation
- It limits the liability of the owner for business debts
- It does not separate the business entity from the owner (correct)
What is the legal status of corporations compared to sole proprietors and partnerships according to the text?
What is the legal status of corporations compared to sole proprietors and partnerships according to the text?
- Corporations are separate legal entities and provide limited liability for their owners (correct)
- Sole proprietors and partnerships have the same legal status as corporations
- Corporations have unlimited liability compared to sole proprietors and partnerships
- Sole proprietors and partnerships have separate legal entities
How are businesses and corporations differentiated in terms of taxation according to the text?
How are businesses and corporations differentiated in terms of taxation according to the text?
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What is the primary responsibility of the owner in a business entity according to the text?
What is the primary responsibility of the owner in a business entity according to the text?
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Where is Adani Ports and Special Economic Zone Limited based?
Where is Adani Ports and Special Economic Zone Limited based?
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How many ports and terminals does APSEZ have in its network?
How many ports and terminals does APSEZ have in its network?
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Where is India's first port-based SEZ located, operated by APSEZ?
Where is India's first port-based SEZ located, operated by APSEZ?
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How many inland container depots (ICD) did APSEZ operate as of 2017?
How many inland container depots (ICD) did APSEZ operate as of 2017?
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What type of license does APSEZ hold for the Indian Railways?
What type of license does APSEZ hold for the Indian Railways?
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