Types of Businesses (VCE SSCE Business Management): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What type of economy does Australia operate?
What type of economy does Australia operate?
Mixed market economy
What does unlimited liability mean for a sole trader?
What does unlimited liability mean for a sole trader?
Personally liable for all business debts
What is the maximum number of partners allowed in a partnership?
What is the maximum number of partners allowed in a partnership?
20
How many digits does an Australian Company Number (ACN) contain?
How many digits does an Australian Company Number (ACN) contain?
Nine digits
What is the maximum number of non-employee shareholders in a Pty Ltd company?
What is the maximum number of non-employee shareholders in a Pty Ltd company?
50
How many directors must a public listed company have at minimum?
How many directors must a public listed company have at minimum?
Three
What is the primary objective of a social enterprise?
What is the primary objective of a social enterprise?
Achieve social or environmental outcomes
Who owns and operates government business enterprises (GBEs)?
Who owns and operates government business enterprises (GBEs)?
Government
How long must sole traders retain financial records by law?
How long must sole traders retain financial records by law?
At least five years
What does limited liability protect in a company structure?
What does limited liability protect in a company structure?
Shareholders' personal assets