Other questions in this quiz

2. 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

3. What is the definition of worker co-operative?

  • Business owned and controlled by its workers rather than outside shareholders
  • A business which sells shares on the stock exchange
  • An issue of a license to sell goods and services using somebody else's name

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

  • Horizontal
  • Verical
  • Lateral

5. On profits, partners normally pay

  • Income tax
  • Corporation tax

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