Other questions in this quiz

2. Partners normally have

  • Unlimited liability
  • Limited liability

3. What might be included in deed of partnership?

  • how long the partners have known each other
  • Name of business
  • Favourite colour
  • partner's families

4. What type of intergration is it when two businesses merge together?

  • Horizontal
  • Verical
  • Lateral

5. Which is a feature of a partnership?

  • The owners have limited liability
  • Income tax paid on profit
  • Shares can be sold to family and friends
  • Financial information is sent to Companies House

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