Choosing the Legal Business Structure (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
Which factor does NOT influence the choice of business structure?
Which factor does NOT influence the choice of business structure?
Owner's favourite colour
What does unlimited liability mean for a sole trader?
What does unlimited liability mean for a sole trader?
Personal assets can be seized for debts
At what rate is a sole trader's business income taxed?
At what rate is a sole trader's business income taxed?
Marginal personal tax rate
How many partners can an Australian partnership have?
How many partners can an Australian partnership have?
Between 2 and 20
What distinguishes limited partners in a limited partnership?
What distinguishes limited partners in a limited partnership?
Liability limited to their investment
What happens to a partnership if one partner dies?
What happens to a partnership if one partner dies?
The original partnership legally ends
Which organisation issues a company's Certificate of Incorporation?
Which organisation issues a company's Certificate of Incorporation?
ASIC
What is the maximum number of shareholders in a private company (Pty Ltd)?
What is the maximum number of shareholders in a private company (Pty Ltd)?
50 shareholders
How are shares traded in a public listed company (Ltd)?
How are shares traded in a public listed company (Ltd)?
Freely traded on the ASX
What does limited liability protect for company shareholders?
What does limited liability protect for company shareholders?
Personal assets beyond investment