Sole Traders,partnerships,companies Flashcards
1
Q
What are the shares of public limited companies also known as?
A
Public limited companies are also known as PLCs.
2
Q
Where are the shares of public limited companies traded?
A
The shares of public limited companies are traded on the stock market.
3
Q
What is the responsibility of management in a company?
A
It is their responsibility to manage the daily operations and direction of the company.
4
Q
What are business aims and objectives?
A
They are the goals that a business seeks to achieve.
5
Q
What could partners be forced to sell?
A
Their personal possessions to cover business debts.
6
Q
What are business aims and objectives?
A
Goals that a business seeks to achieve.
