Which type of company faces no limitations on the liability of its members? Option: "One Person Company", "Private Limited Company", "Unlimited Company", "Small Company"

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Which type of company faces no limitations on the liability of its members?

"One Person Company"

"Private Limited Company"

"Unlimited Company"

"Small Company"

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Which type of company is characterized by having only one shareholder who can also be the director?

"Public Limited Company"

"One Person Company"

"Private Limited Company"

"Unlimited Company"

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What is the defining characteristic of a 'Company Limited by Guarantee'?

"Members are only liable for their invested capital."

"Members commit to contributing a specific amount if the company dissolves."

"Members' liability is determined by the number of shares they hold."

"Members have unlimited liability extending to personal assets."

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What criterion determines the ownership stake of members in a 'Companies Limited by Guarantee'?

"The amount they pledge to contribute upon closure."

"The amount of capital they initially invested."

"The value of their personal assets."

"The number of years they have been members."

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What are prevalent legal structures adopted by small businesses for their organizational framework?

All of the above legal structures

Sole proprietorship

Partnership arrangement

Corporate entity

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What does the 'authorized share capital' of a company represent?

"The total value of the company's shares on the stock market"

"The number of shares held by the company's founders"

"The total number of shares currently issued by the company"

"The maximum number of shares a company is allowed to issue"