326044
Descripción
Test por cian.buckley+1, actualizado hace más de 1 año
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Creado por cian.buckley+1
hace más de 10 años
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Pregunta 1
Pregunta
Outline two characteristics of a private limited company:
Respuesta
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The shareholders have limited liability
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The shareholders have unlimited liability
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It has a separate legal existence from its owners
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Entitled to have between 1 and 50 shareholders
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Entitled to have between 1 and 99 shareholders
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The company ends in the event of changes such as the death of a shareholder/director
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The company does not end in the event of changes such as the death of a shareholder/ director. (Continuity of existence)
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Shareholders have one vote per share at the AGM.
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Shareholders have one vote each at the AGM
Pregunta 2
Pregunta
What do the letters NCA stand for?
Respuesta
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National Consumer Agency
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National Contact Authority
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Native Control Agency
Pregunta 3
Pregunta
Outline two functions of the NCA.
Respuesta
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To provide information to consumers on their rights in relation to the purchase of goods and services
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To provide details about specific purchases made by consumers
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To enforce the relevant consumer law and encourage compliance
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To investigate suspected offences
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To allow false advertising and pricing
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To prohibit false pricing
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To refer cases to the Director of Public Prosecutions where appropriate.
Pregunta 4
Pregunta
Batch Production is used when making a single, one off,
unique product
Respuesta
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True
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False
Pregunta 5
Pregunta
In a Hire Purchase agreement legal ownership of the good transfers to the buyer when the first installment is made.
Respuesta
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True
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False
Pregunta 6
Pregunta
A Cash Flow deficit can be addressed by negotiating a shorter period of credit with debtors.
Respuesta
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True
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False
Pregunta 7
Pregunta
A sole trader is an ownership structure that benefits from limited liability.
Respuesta
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True
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False
Pregunta 8
Pregunta
When a company’s equity capital is greater than its debt capital it has low gearing
Respuesta
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True
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False
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