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Introduction to the Legal Environment of a Selected Business Sector (13936)

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MODULE 1 – THE STATUTORY ELEMENTS IN THE STRUCTURE OF AN ORGANISATION

3 Lessons
|
1 Quiz
- Quiz 1
MODULE 2 – THE STRUCTURE OF AN ORGANISATION WITHIN THEIR OWN BUSINESS SECTOR

8 Lessons
|
1 Quiz
- Quiz 2
MODULE 3 – PRINCIPLE REGULATORY BODIES

8 Lessons
|
1 Quiz
- Quiz 3

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Introduction to the Legal Environment of a Selected Business Sector (13936) MODULE 2 – THE STRUCTURE OF AN ORGANISATION WITHIN THEIR OWN BUSINESS SECTOR Quiz 2

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Question 1 of 5

1. Question
True or False

Sole proprietors own all the assets of the business and the profits generated by it.
- True
- False
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Question 2 of 5

2. Question
True or False

Partners divide responsibility for management and liability, as well as the shares of profit or loss according to their internal agreement.
- True
- False
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Question 3 of 5

3. Question
True or False

In a Corporation shareholders or stakeholders are personally responsible for the losses of the business.
- True
- False
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Question 4 of 5

4. Question
True or False

A limited liability company formation is less complex and formal than that of a general partnership.
- True
- False
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Question 5 of 5

5. Question
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Minimizing waste can increase your profits by reducing your waste and seeking opportunities to recycle waste materials.
- True
- False
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