Accounting Multiple Choice Question – 31 July 2024

Which of the following business structures necessarily has a legal identity separate from that of its owner(s)?

I A strategic alliance between a limited company and a limited liability partnership
II A limited liability partnership
III A registered company

Select ONE answer:

1. I and II only
2. II and III only
3. I and III only
4. I and II and III

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Notcorrect
2. Correct  –>  A strategic alliance = No separate legal identity + A limited liability partnership = Separate legal identity + A registered company = Separate legal identity
3. Not correct
4. Not correct

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