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Understanding Ownership and Management Structures Quiz
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Understanding Ownership and Management Structures Quiz

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Questions and Answers

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?

  • 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?

  • 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'?

    <p>The liability of shareholders is limited to their investment in the company</p> Signup and view all the answers

    What is a key advantage of a Limited Company in terms of legal status?

    <p>Ease of transferring shares to new owners</p> Signup and view all the answers

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