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Please go through the key terms of business associations. Choose the appropriate term in order to form a proper sentence.
START
A(n) __________ is operated by partners who share profits and are liable for losses.
partnership
corporation
institution
association
1 of 12
Next
Members of a limited liability company are responsible to pay up the initial _________.
tip
contribution
charge
graft
Prev
2 of 12
Next
Companies may employ managers who are in charge of the day-to-day business __________.
activity
power
authority
mean
Prev
3 of 12
Next
The board has to establish its own ___________ of procedure.
bylaws
law
act
rules
Prev
4 of 12
Next
The corporate documents must specify the ____________ office of the company.
principal
premises
central
local
Prev
5 of 12
Next
The company is primarily regulated by its articles of ____________ .
members
meeting
association
minutes
Prev
6 of 12
Next
A public __________ company is owned by its shareholders.
limited
liability
lawful
liquidated
Prev
7 of 12
Next
A limited partnership consists of limited and general __________.
members
owners
partners
shareholders
Prev
8 of 12
Next
The first __________ on the agenda is to approve the minutes of the previous meeting.
unit
point
item
heading
Prev
9 of 12
Next
The AGM shall adopt resolutions concerning the distribution of the ___________.
savings
profit
products
interest
Prev
10 of 12
Next
The registered capital of the company may be paid in _________ or in kind.
notes
cash
funds
coins
Prev
11 of 12
Next
A company may be established for a limited or unlimited __________ of time.
amount
volume
span
period
Prev
12 of 12
Név:
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