Commercial enterprises：练习题

A business owned and operated by one person who is personally responsible for all business debts is called a:

Which of the following is a key characteristic of a public sector enterprise?

When forming a limited company, which document is specifically required to set out the internal rules and regulations for the management of the company?

In a franchise agreement, what is the primary role of the franchisor?

In the context of a private limited company, what does the term limited liability imply for the owners?

State one difference between a sole trader and a partnership regarding the distribution of profit.

Assess how privatization typically changes the primary objectives of a commercial enterprise previously owned by the public sector.

A partnership is a common form of business ownership in the private sector.

(a) State one document that is typically drawn up when forming a partnership. (1)
(b) Explain one major disadvantage of a partnership compared to a private limited company regarding the liability of owners. (2)