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Bus 200 Chapter 1 Questions With Correct Answers

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Institution BUS 200
Course BUS 200
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BUS 200 CHAPTER 1 QUESTIONS WITH CORRECT ANSWERS

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1 of 20

Term Definition


Why is limited liability an
A
attractive principle for the
business person?


Answers:
a. It is a means of avoiding
paying off debts.
b. It is a means of avoiding tax.
c. The owner of company shares
is not liable for debts of the
business.
d. The owner of company shares
is liable only up to the amount
invested.

Give this one a try later!



True False

, Correct definition



D




2 of 20

Term Definition



Entrepreneurs value all but A
which one of the following?


Answers:
a. Ability to raise funding
b. Efficient communications
systems
c. A complex regulatory
framework
d. Good infrastructure

Give this one a try later!



True False



Correct definition



C




3 of 20

Term Definition



D

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