True/False

Kids

loved the comfortable bed.

When two or more

companies decide to work together, they form a joint venture. In such cases,

the two companies involved are a single legal entity.

Consortiums are formed

to make easier the completion of difficult tasks.

Conglomerates are mostly

run as a few different companies.

Subsidiaries are controlled

by the parent company by means of its capital interests.

A group

is a number of parent companies operating under

one leading company known as the subsidiary company.

A public-limited

company/listed company is a company whose shares cannot be bought and sold

(publicly traded) on

In a unlimited liability company

the

owners are liable only for the amount of money they have invested in the

business

In limited liability companies the

owners are personally and entirely liable

for the debts of the company.

As a rule, all businesses

are owned and organized in the same way.