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Terry
0450-18-F-M-12-2c
Chan
TOPIC QUESTION - PAPER 1
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Chan
May 17, 2026 at 7:36:21 AM
Feb/Mar 2018
Version 2
1.0 Understanding Business Activity
1.4 Types of Business Organization
YOUR ANSWER
Disadvantage 1: As a private limited company, a business must publish its financial accounts. Therefore, competitors may find out if PShirts is making profit or loss.
Disadvantage 2: Unable to sell shares to anyone. Only acquaintance of existing shareholders can purchase shares of the company. This makes raising funds less easy to enable Paul to expand operations to sell shirts in other countries.
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