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O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2012 · Q201 Mark

Amit and Pardeep set up in business together. Each has half of the shares in the business and limited liability. What type of business organisation is this?

Aco-operative
Bpartnership
Cprivate company
Dpublic company

✓ Correct answer

C: private company

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About this question

Topic
Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2012 Paper 1 Variant 1, question 20.

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