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Questions and Answers
What is a common characteristic of a Limited Company?
What is a common characteristic of a Limited Company?
- Lack of management control
- Unlimited liability for shareholders
- Shared ownership by all employees
- Separate legal personality (correct)
What is a disadvantage of a Limited Company in terms of control?
What is a disadvantage of a Limited Company in terms of control?
- Unlimited freedom to make any decision
- Limited control over decision-making processes (correct)
- Full management control by all shareholders
- No need for directors in the company
Which of the following is NOT a feature of a Limited Company?
Which of the following is NOT a feature of a Limited Company?
- Ability to transfer shares to the public
- Limited liability for shareholders
- Separation of ownership and management
- Shared ownership by all individuals (correct)
Why is a Limited Company said to have 'limited liability'?
Why is a Limited Company said to have 'limited liability'?
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What is a key advantage of a Limited Company in terms of legal status?
What is a key advantage of a Limited Company in terms of legal status?
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