O-LevelCommerceBusiness enterprise7100/11 · Oct/Nov 2016 · Q361 Mark

What is the advantage of turning a partnership into a private limited company?

AThe business will have continuity after the death of a shareholder.

BThe capital will be provided by the state through taxation.

CThe promoters can advertise their company in a prospectus.

DThe shareholders will have unlimited liability.

✓ Correct answer

A: The business will have continuity after the death of a shareholder.

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Topic: Business enterprise, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2016 Paper 1 Variant 1, question 36.

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