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Edexcel A Level Business - 2.1.3 Liability Flashcards | StudBud
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Edexcel A Level Business - 2.1.3 Liability
Edexcel A Level Business - 2.1.3 Liability
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Answers
1
Which of the following company structures have
unlimited
liability?
Private Unlimited Company
Private Limited Company
Sole Trader
Public Limited Company
2
Which of the following is the
official
definition a
Creditor
A person or company to whom money is owing.
A person, country, or organisation that owes money.
Someone who wants money
Someone who needs money.
3
Which of the following involves a
higher risk
?
Sole Trader
Partnership
Public Limited Company
Private Limited Company
4
Which brand is highest in terms of success according to Interbrand?
PetroMedia
Google
Apple
Amazon
5
Which one of the following
is not
a form of liability?
Public Limited Company
Private Limited Company
Sole Preparator
Partnership
6
Which of the following is the
official
definition of Bankruptcy
The legal proceeding involving a business that is unable to pay repay debt.
The situation of a debtor who is unable to pay his, her, or its debts.
Acquiring new property.
Taking out a loan
7
A Private Limited Company is abbreviated to:
LTD
PRULTD
PLC
PLTD
8
Which of the following is the
official
definition a Debtor
A person or company to whom money is owing.
A person, country, or organisation that owes money.
9
In which A Level paper is this topic assessed?
Paper 1
Paper 4
Paper 3
Paper 2
10
If a Sole Trader's business goes in to debts, can their assets be seized?
No
NO
Yes
YES
