Business Ownership and Liability Quiz

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DarlingBay
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What is business according to the text?

The practice of making a living by producing or buying and selling products

How does having a business name impact the business entity according to the text?

It does not separate the business entity from the owner

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

How are businesses and corporations differentiated in terms of taxation according to the text?

<p>Businesses are personally taxed on all income, while corporations have separate tax rates</p> Signup and view all the answers

What is the primary responsibility of the owner in a business entity according to the text?

<p>The owner is responsible and liable for debts incurred by the business</p> Signup and view all the answers

Where is Adani Ports and Special Economic Zone Limited based?

<p>Ahmedabad, India</p> Signup and view all the answers

How many ports and terminals does APSEZ have in its network?

<p>12</p> Signup and view all the answers

Where is India's first port-based SEZ located, operated by APSEZ?

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

How many inland container depots (ICD) did APSEZ operate as of 2017?

<p>3</p> Signup and view all the answers

What type of license does APSEZ hold for the Indian Railways?

<p>Category 1 License</p> Signup and view all the answers

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