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-Legal procedure is followed during formation
-They are separate legal entities from the owners who formed it
-Shareholders have limited liability
-They have perpetual succession
-They can raise large amount of capital hence large in size
-Failure of the business does not necessarily refresh the failure of its owners
Kavungya answered the question on April 3, 2019 at 08:53
- Otwoma intends to start a business. Give four reasons why it is advisable for him to start a
retail business shop instead of buying shares in...(Solved)
Otwoma intends to start a business. Give four reasons why it is advisable for him to start a
retail business shop instead of buying shares in a public limited company
Date posted: April 3, 2019. Answers (1)
- Write the type of partner described by each of the followingstatements(i) One who is below 18years of age(ii) One who has unlimited liability(iii) One who...(Solved)
Write the type of partner described by each of the following
statements
(i) One who is below 18 years of age
(ii) One who has unlimited liability
(iii) One who gets involved in the daily running of the business
(iv) One who allows his/her name to be used in the business
Date posted: April 3, 2019. Answers (1)
- Give four hitches faced by the government of Kenya in the endeavor to privatize state
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Give four hitches faced by the government of Kenya in the endeavor to privatize state
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Date posted: April 3, 2019. Answers (1)
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State four requirements necessary to secure a loan from the SACCO’s
Date posted: April 3, 2019. Answers (1)
- Mama Cindy purchased 100 packets of sweets worth kshs1625.if she was allowed a 5%
quantity discount and 2 ½% cash discount, calculate the price she paid...(Solved)
Mama Cindy purchased 100 packets of sweets worth kshs1625.if she was allowed a 5%
quantity discount and 2 ½% cash discount, calculate the price she paid per packets of sweets
Date posted: April 3, 2019. Answers (1)
- Identify four essentials of a valid bill of exchange(Solved)
Identify four essentials of a valid bill of exchange
Date posted: April 3, 2019. Answers (1)
- A trader sold a bag of sugar at Kshs.4000. The buyer was allowed a trade discount of 10%. If he
pays the debt in two weeks...(Solved)
A trader sold a bag of sugar at Kshs.4000. The buyer was allowed a trade discount of 10%. If he
pays the debt in two weeks and cash discount of 3% if payment is made within one month.
Calculate the amount the trader received if the buyer paid within 15days
Date posted: April 3, 2019. Answers (1)
- Identify the type of wholesaler described in each of the following cases in the table below:
...(Solved)
Identify the type of wholesaler described in each of the following cases in the table below:
Description Type of wholesaler
(a) They sell a wide range of goods within one line of products
(b) They stock their products in vehicles and move around selling to other traders
(c) They stock particular types of goods and sell to other specialized traders
(d) They operate on a self-service basis where other traders pick, pay and
transport goods on their own
Date posted: April 3, 2019. Answers (1)
- Show how the following transactions may affect the items of balance sheet, stating whether it is
an increase , decrease or no effect(Solved)
Show how the following transactions may affect the items of balance sheet, stating whether it is
an increase , decrease or no effect
Date posted: April 3, 2019. Answers (1)
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State four disadvantages a person may experience when using credit cards
Date posted: April 3, 2019. Answers (1)
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Date posted: April 3, 2019. Answers (1)
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State four limitations of hawking.
Date posted: April 3, 2019. Answers (1)
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Mwita has introduced computers in his business operations, outline four benefits that he may
experience
Date posted: April 3, 2019. Answers (1)
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Give four characteristics of a good memo
Date posted: April 3, 2019. Answers (1)
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Identify four qualities of a personal secretary
Date posted: April 3, 2019. Answers (1)
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Name four equipment that can be available in the accounts office
Date posted: April 3, 2019. Answers (1)
- The manager of Kusimba stores has vowed to improve his yields by 50% through labour
motivation. State five ways by which he can achieve this(Solved)
The manager of Kusimba stores has vowed to improve his yields by 50% through labour
motivation. State five ways by which he can achieve this
Date posted: April 3, 2019. Answers (1)
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Give four characteristics of indirect production
Date posted: April 3, 2019. Answers (1)
- A worker has been working as a mechanic for two years. However, he thinks of changing to
another occupation. Give the reasons for his decision.(Solved)
A worker has been working as a mechanic for two years. However, he thinks of changing to
another occupation. Give the reasons for his decision.
Date posted: April 3, 2019. Answers (1)
- Identify the type of utility created in the following circumstances
Activity ...(Solved)
Identify the type of utility created in the following circumstances
Activity Utility
a) Carpentry
b) Selling bread to students
c) Warehousing of goods imported
d) Carriage of cargo to the market
Date posted: April 3, 2019. Answers (1)