The main advantage of a sole trader is the freedom to
employ anyone he likes
seek advice from any source
take quick decisions
plough all the profits back into the business
Correct answer is C
No explanation has been provided for this answer.
One of the implications of the incorporation of a company is that
it is more difficult for the company to raise loans
the company can sue but cannot be sued
the company's property becomes distinguished from that of its members
its members become liable for all the debts of the company
Correct answer is C
No explanation has been provided for this answer.
The merger of two companies producing the same type of products is an example of
vertical integration
horizontal integration
lateral merger
an acquisition
Correct answer is B
No explanation has been provided for this answer.
Rights and obligations of directors
Objectives of the company
Amount of share capital
Limitation of liability of shareholders.
Correct answer is A
No explanation has been provided for this answer.
If a partnership deed is silent on how profits are to be shared, partners share profits
in the ratio of the value of business secured by each partner for the partnership
in the ratio of partner capital contributions
in an equal proportion irrespective of partners's capital contributons
according to duties performed by each partner
Correct answer is C
No explanation has been provided for this answer.