Question 2 Type of entity that is designed to limit the personal liability exposure is: Not yet saved Marked out of 1.00 a. a company P Flag question O b. All of the entity types stated here C. a partnership d. a sole trader Question 3 Which of the following characteristics is most associated with a company? Not yet saved Marked out of 1.00 P Flag question a. Joint unlimited liability b. Easy to set up the business c. Limited liability of shareholders d. A single individual owner o Question 5 Which of the following items is NOT classified as a component of equity? Not yet saved a. Revenue received in advance Marked out of 1.00 P Flag question b. Expenses c. Share capital d. Dividends