Types of Business and liability
__1. FranchiseA. Limited: has many shareholders
__2. Government BusinessB. Unlimited: owner has to pay all debts
__3. Limited LiabilityC. Limited: has a few, chosen shareholders
__4. PartnershipD. Owner(s) may have to use personal money to pay debts
__5. Private CompanyE. Limited.
__6. Private CompanyF. Owner(s) only have to use business money to pay debts
__7. Public CompanyG. Shares only available to people chosen by the starting owner
__8. Public CompanyH. Unlimited: owners have to pay all debts themselves
__9. Sole TraderI. This type can overlap with other types
__10. Unlimited liabilityJ. Shares available to buy and sell whenever shareholders want
Students who took this test also took :

Created with That Quiz — where test making and test taking are made easy for math and other subject areas.