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Tutorial Preparation Questions Unit 2

The document presents a set of tutorial preparation questions focused on understanding various business structures and key financial terms. It covers topics such as liability types, the role of directors, share capital, reserves, bonus shares, rights issues, and the distinction between retained profit and net profit. These questions aim to enhance comprehension of fundamental business concepts.

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Misu Nguyen
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37 views1 page

Tutorial Preparation Questions Unit 2

The document presents a set of tutorial preparation questions focused on understanding various business structures and key financial terms. It covers topics such as liability types, the role of directors, share capital, reserves, bonus shares, rights issues, and the distinction between retained profit and net profit. These questions aim to enhance comprehension of fundamental business concepts.

Uploaded by

Misu Nguyen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Unit 2

Tutorial Preparation Questions


1.) What are the differences between the 3
business structures?
2.) What do the following key terms mean:
a. Unlimited liability and limited liability?
b. Legal entity?
c. Mutual agency?
d. Unlimited life and limited life?
e. Ownership of assets?
3.) Who are Directors? What role do they play in
the company?
4.) What does it mean by share capital?
5.) Are reserves amounts of cash? Where does it
come from?
6.) What is a bonus share?
7.) What does it mean by rights issues?
8.) What is a retained profit? How does it differ
from a Net Profit?

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