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O-LevelCommerceBusiness enterprise7100/12 · Oct/Nov 2017 · Q361 Mark

In a private limited company, what does 'limited' liability mean?

AThe capital contributed by shareholders is limited.
BThe debts are limited to the amount invested.
CThe number of shareholders is limited to twenty.
DThe rights of shareholders are limited.

✓ Correct answer

B: The debts are limited to the amount invested.

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About this question

Topic
Business enterprise, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2017 Paper 1 Variant 2, question 36.

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