7. The capitalpublic limited companys is legally required to raise from shares is?
At least 50,000
Less than 50,000
Exactly 50,000
8. As a living person in the eyes of the law can a limited company sue or be sued?
Maybe
Yes
No
9. Can they be involved in managing the business if they choose to have limited liability?
No
Yes
Maybe
10. Is a partnership business entity unincorporated?
If they choose to be
No
Yes
11. Can it enter a contract?
Yes
No
Maybe
12. What does the public sector do?
Benefits the society
Makes a profit
promotes equal opportunity
13. What determines the requirements relating to the keeping of financial records and the preparation and presentation of financial statements on their behalf?
The Money Act 2012
The Companies Act 2006
The Partnership Act 1890
14. Are limited companies public or private sector?
Private sector
Both
Public sector
15. The capital private limited companys can raise from shares is?
Exactly 50,000
Less than 50,000
At least 50,000
16. Can a public limited company sell it's shares to the general public when its listed on the stock exchange?
