O-LevelCommerceBusiness enterpriseOct/Nov 2020Paper 1 Q361 Mark
When all the assets of a limited company that has ceased to trade have been sold, it still has liabilities of $250 000. To pay off that debt, how much will each of its 20 shareholders be liable for?
A$12500
Bcontribution determined by the type of share they own
Ccontribution determined by the value of their shareholding
Dzero liability
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of business enterprise within the Commercesyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep