1) What is the maximum number of partners you can have in a partnership? a) 2 b) 10 c) 20 d) 30 2) What is another way of describing a sole trader? a) Sole Company b) Sole Partner c) Alone Inc d) Sole Proprietor 3) What is the main advantage of being in a partnership? a) More money b) Someone to disagree with c) Someone to do the dirty jobs d) Someone to talk to 4) Limited liability is when you only risk losing a) your house b) what you have invested c) your car d) your speedboat 5) Private limited companies can sell shares a) to anyone b) on the Stock Exchange c) to students d) to family & friends 6) Public limited companies should have a minimum of _______ capital a) 50,000 b) 500,000 c) 500,000,000 d) 500,000,000,000 7) Which two documents need to be completed to form a company? a) Deed of Patnership b) Articles of Association c) Memoradum of Association d) Certificate of Incorporation 8) What do shareholders expect to receive in return for their investments? a) membership badge b) discount vouchers c) Certificate of Incorporation d) dividends 9) What does AGM stand for? a) Aggregate General Management b) Association of General Managers c) Annual General Meeting d) Assistant General Manager 10) Which of the following is not owned by the government? a) NHS b) Education Service c) Public Limited Company d) Public Corporation

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