Which of the followings are the benefits of a private limited company? I. Generally, credit is easier to obtain compared to a sole proprietorship and partnership. II. Members liability is limited to the shares subscribed only.III. The life span of the company is not dependent upon the death or resignation of any of its members. IV. The company can and may continue business even after the death of all founding members. The shares of these members can be transferred to beneficiaries or Sold to others. V. A private limited company pays lower tax rates than any other business type.

DEFINITION OF ENTREPRENEURSHIP

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the followings are the benefits of a private limited company? I. Generally, credit is easier to obtain compared to a sole proprietorship and partnership. II. Members’ liability is limited to the shares subscribed only.III. The life span of the company is not dependent upon the death or resignation of any of its members. IV. The company can and may continue business even after the death of all founding members. The shares of these members can be transferred to beneficiaries or Sold to others. V. A private limited company pays lower tax rates than any other business type.

A	I, II, and III
B	II, III and IV
C	III, IV and V
D	I, II, III and IV

Explanation:

Detailed explanation-1: -Entrepreneur is often aware of the business environment with immense product knowledge, the acceptance of the product or service is known by the feedback of the same, and desire for immediate feedback is not a typical characteristic of an entrepreneur.

Detailed explanation-2: -Marketing strategy: This section describes how the company will attract and keep its customer base and how it intends to reach the consumer.

Detailed explanation-3: -Be their own boss: Entrepreneurs have full control over the enterprise. Pursue their own idea: People become entrepreneurs to work on their interests and create a business using their unique ideas.

Detailed explanation-4: -Creativity. Becoming an entrepreneur starts with an idea. Passion. Passion is what drives entrepreneurs. Motivation. Motivation is the will to accomplish certain things. Product or service knowledge. Entrepreneurs know what they have to offer and to whom they can sell it. Ability to network. Self-confidence. Optimism. Vision. More items •30-Nov-2022

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INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP