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What is the advantage of a partnership?
True
False - a company can be limited by guarantee
A business owned by one person
Salvation Army
Perpetual succession
Increased reporting obligations and costs associated with operating
Easier to raise capital
Unlimited liability
Proprietary companies are classified into small and large
True
False - a company can be limited by guarantee
A business owned by one person
Salvation Army
Perpetual succession
Increased reporting obligations and costs associated with operating
Easier to raise capital
Unlimited liability
What is the disadvantage of a sole trader type of bus ownership?
True
False - a company can be limited by guarantee
A business owned by one person
Salvation Army
Perpetual succession
Increased reporting obligations and costs associated with operating
Easier to raise capital
Unlimited liability
True or false: a limited company must have share capital
True
False - a company can be limited by guarantee
A business owned by one person
Salvation Army
Perpetual succession
Increased reporting obligations and costs associated with operating
Easier to raise capital
Unlimited liability
An example of a non for profit organisation is:
True
False - a company can be limited by guarantee
A business owned by one person
Salvation Army
Perpetual succession
Increased reporting obligations and costs associated with operating
Easier to raise capital
Unlimited liability
What is the advantage of a company as a type of bus ownership?
True
False - a company can be limited by guarantee
A business owned by one person
Salvation Army
Perpetual succession
Increased reporting obligations and costs associated with operating
Easier to raise capital
Unlimited liability
A soletrader is
True
False - a company can be limited by guarantee
A business owned by one person
Salvation Army
Perpetual succession
Increased reporting obligations and costs associated with operating
Easier to raise capital
Unlimited liability
What is the disadvantage of a company as a type of bus ownership?
True
False - a company can be limited by guarantee
A business owned by one person
Salvation Army
Perpetual succession
Increased reporting obligations and costs associated with operating
Easier to raise capital
Unlimited liability
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