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15
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What does PLC stand for?
Public limited company
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15
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How many people are there in a partnership?
Between 2 and 20 people
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15
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Who is a franchisee?
A person who opens a franchise (trades under someone's name and logo)
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15
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Sole traders have ... liability
Unlimited
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lifesaver
Give 15 points!
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gold
Win 50 points!
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gift
Win 25 points!
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banana
Go to last place!
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15
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'Shareholders have limited liability'. Is it an advantage or disadvantage of a PLC?
Advantage
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lifesaver
Give 10 points!
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seesaw
Swap points!
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rocket
Go to first place!
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lifesaver
Give 5 points!
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15
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The owners of limited companies have ... liability
Limited
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15
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Can shares of private limited companies be sold in the stock market?
No
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15
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Who is a franchisor?
The main owner of a franchise
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15
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What does memorandum of association state?
Details of the company (e.g. name, address, objectives)
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thief
Give points!
5
10
15
20
25
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gift
Win 10 points!
Okay!
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fairy
Take points!
5
10
15
20
25
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banana
Go to last place!
Oops!
15
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What do articles of association state?
Internal running of the company (e.g. rights of shareholders)
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15
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What does unincorporated business mean?
There is no legal difference between the owner and the business
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15
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Which document states the formal rights of partners?
Deed of partnership
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15
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Can shares of public limited companies be sold in the stock market?
Yes
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