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QUESTION 5 If All is not a partner in a General Partnership, but his name was included in the company name without his approval, then All would be: O a. Fully liable to the company's losses O b. Liable for only 50% of the company's losses c. Not liable for the company's losses Od. Considered a Limited Partner QUESTION 6 A worker who has completed one year of service shall, for each year of service, be entitled to an annual leave of not less than: a. 21 days a year b.2 days a month c. 30 days a year d. 3 days a month QUESTION 7 Limited Liability Company's name must include the names of the actual partners. ( ) True False QUESTION 8 The minimum amount of capital for a Public Joint Stock Company is: O a AED 5 million b. AED 15 million. C. AED 10 million. Od. AED 30 million

QUESTION 5 If All is not a partner in a General Partnership, but his name was included in the company name without his approval, then All would be: O a. Fully liable to the company's losses O b. Liable for only 50% of the company's losses c. Not liable for the company's losses Od. Considered a Limited Partner QUESTION 6 A worker who has completed one year of service shall, for each year of service, be entitled to an annual leave of not less than: a. 21 days a year b.2 days a month c. 30 days a year d. 3 days a month QUESTION 7 Limited Liability Company's name must include the names of the actual partners. ( ) True False QUESTION 8 The minimum amount of capital for a Public Joint Stock Company is: O a AED 5 million b. AED 15 million. C. AED 10 million. Od. AED 30 million

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QUESTION 5 If Ali is not a partner in a General Partnership, but his name was included in the company name without his approval, then All would be: O a. Fully liable to the company's losses O b. Liable for only 50% of the company's losses Oc. Not liable for the company's losses Od. Considered a Limited Partner QUESTION 6 A worker who has completed one year of service shall, for each year of service, be entitled to an annual leave of not less than: 0 a. 21 days a year ⒸOb. 2 days a month O c. 30 days a year O d. 3 days a month QUESTION 7 Limited Liability Company's name must include the names of the actual partners. ( ) True False QUESTION 8 The minimum amount of capital for a Public Joint Stock Company is: O a AED 5 million b. AED 15 million OC. AED 10 million O d. AED 30 million
Transcribed Image Text:QUESTION 5 If Ali is not a partner in a General Partnership, but his name was included in the company name without his approval, then All would be: O a. Fully liable to the company's losses O b. Liable for only 50% of the company's losses Oc. Not liable for the company's losses Od. Considered a Limited Partner QUESTION 6 A worker who has completed one year of service shall, for each year of service, be entitled to an annual leave of not less than: 0 a. 21 days a year ⒸOb. 2 days a month O c. 30 days a year O d. 3 days a month QUESTION 7 Limited Liability Company's name must include the names of the actual partners. ( ) True False QUESTION 8 The minimum amount of capital for a Public Joint Stock Company is: O a AED 5 million b. AED 15 million OC. AED 10 million O d. AED 30 million
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