Which of These Is an Advantage of a Private Company

question 17

Multiple Choice

Which of these is an advantage of a private company compared with a partnership?
i) perpetual life
Ii) easier transfer of ownership
Iii) mutual agency
Iv) limited liability

• A) i, ii, iii
• B) i, ii, iv
• C) ii, iii, iv
• D) i, ii

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Definitions:

Selfish Impulses

Inclinations or urges to act in a way that prioritizes one's own interests over the welfare of others.

Emotional Stability

A personality trait indicative of how much a person's emotions fluctuate and how easily they can emotionally recover from stress or negative situations.

Extraversion/Introversion

Personality traits that describe how outgoing and social or how reserved and solitary an individual is.

Openness to Experience

A personality trait that describes the degree to which a person is open to new experiences, curious, imaginative, and willing to explore novel ideas.