Responsible for the debts of the enterprise

Assignment Help Operation Management

Reference no: EM132205346

1. Dianna is an entrepreneur who is the owners of a CC. Consider the following.

Diana had to consider the degree to which she would be responsible for the debts of the enterprise. The liability would be _______.

1) limited to her own personal debts

2) limited to the debts of the enterprise

3) unlimited, which means that she could lose her private assets if the enterprise goes bankrupt

4) limited to the capital she has invested in the enterprise

2. Establishing Diana’s Design to Dine Caterers entails _______.

1) drawing up a contract

2) submitting documents to the Companies and Intellectual Property Commission

3) registering with the Registrar of Close Corporations

4) obtaining a trading name and licence

3. Diana’s Design to Dine Caterers may be managed by _______.

1) Diana

2) all the partners

3) Diana’s whole family

4) the board of directors

Reference no: EM132205346

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