Podcast
Questions and Answers
What is a major disadvantage of a sole proprietorship?
What is a major disadvantage of a sole proprietorship?
- Unlimited liability (correct)
- Limited liability
- Difficulty in raising capital
- Difficulty in making decisions
In a partnership, how are profits typically divided?
In a partnership, how are profits typically divided?
- Equally between partners (correct)
- Based on individual contributions
- Based on experience
- Based on seniority
What is a key advantage of a private limited company?
What is a key advantage of a private limited company?
- No requirement for external auditing
- Limited liability (correct)
- Unlimited liability
- No need for a board of directors
What happens when a partner leaves a partnership?
What happens when a partner leaves a partnership?
Who owns a private limited company?
Who owns a private limited company?
Why might a partnership be suitable for professionals such as surveyors or architects?
Why might a partnership be suitable for professionals such as surveyors or architects?
What is the key characteristic of a co-operative?
What is the key characteristic of a co-operative?
What is a key benefit for the franchiser in a franchising arrangement?
What is a key benefit for the franchiser in a franchising arrangement?
What is a key advantage for the franchisee in a franchising arrangement?
What is a key advantage for the franchisee in a franchising arrangement?
What is a key difference between a private limited company and a public limited company?
What is a key difference between a private limited company and a public limited company?
What is a key disadvantage for the franchisee in a franchising arrangement?
What is a key disadvantage for the franchisee in a franchising arrangement?
What is a key characteristic of a merit good?
What is a key characteristic of a merit good?
What is the primary characteristic of a sole proprietorship?
What is the primary characteristic of a sole proprietorship?
What is a key disadvantage of sole proprietorship?
What is a key disadvantage of sole proprietorship?
What is the primary advantage of a private limited company over a sole proprietorship?
What is the primary advantage of a private limited company over a sole proprietorship?
What is the key difference between a public limited company and a private limited company?
What is the key difference between a public limited company and a private limited company?
What is the primary characteristic of a franchise business model?
What is the primary characteristic of a franchise business model?
What is the primary advantage of a partnership over a sole proprietorship?
What is the primary advantage of a partnership over a sole proprietorship?
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