Which of the following statements is false?

a$.$ A partnership is a separate legal entity

b$.$ Public companies are generally listed on the stock exchange

c$.$ The cost of buying an established business will normally be greater than the cost of starting a new business.

d$.$ Strategic plans do not usually look beyond the next five years

Which of the following statements is true about the business mission statement?

a$.$ It must have a timeframe for achievement

b$.$ It should identify potential threats

c$.$ It is a detailed analysis of the business objectives

d$.$ None of the above

Which of the following business options would generally have the greatest level of risk?

a$.$ Starting a business from the beginning

b$.$ Buying an existing business

c$.$ Obtaining a Franchise

d$.$ None of the above

Which of the following statements in relation to starting a business is true?

a$.$ A franchise provides the owner with a lower level of risk and large degree of independence and flexibility.

b$.$ On average, starting a new business is the most expensive way to own a business.

c$.$ A disadvantage of buying an existing business is that it will have no existing client base.

d$.$ Starting a new business you will have greater independence and flexibility than if you brought an existing business.

A company has limited liability and is taxed. Why

It is a