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Questions and Answers
What type of business structure has the characteristic of limited liability for its shareholders?
What type of business structure has the characteristic of limited liability for its shareholders?
- Sole Trader
- Public Limited Company
- Partnership
- Private Limited Company (correct)
Which type of business entity is a separate entity from its owners?
Which type of business entity is a separate entity from its owners?
- Sole Trader
- Social Enterprise
- Partnership
- Public Limited Company (correct)
What business structure involves unlimited liability for the owner?
What business structure involves unlimited liability for the owner?
- Partnership (correct)
- LLP (Limited Liability Partnership)
- Public Limited Company
- Private Limited Company
Which type of business structure is described as 'a business that is owned by its shareholders, run by directors'?
Which type of business structure is described as 'a business that is owned by its shareholders, run by directors'?
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Which business entity is determined by a legal framework that dictates the sharing of profits and losses, tax payments, and legal liability?
Which business entity is determined by a legal framework that dictates the sharing of profits and losses, tax payments, and legal liability?
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