Business multiple choice Flashcard

Front

Which document would be issued to a limited company giving it permission to trade?

Back

Certificate of incorporation

Front

Which item of information would be contained in the memorandum of association?

Back

Name of the company

Front

What is a disadvantage of a private limited company?

Back

It can take time to transfer shares to a new owner

Front

What is an advantage of a sole trader?

Back

Independence for owners

Front

Which business structure has a clear social and/or environmental mission?

Back

Social enterprise

Front

A fast method of growth is a key advantage for which business structure?

Back

Franchisee

Front

Taking risk in business is a key role of which of the following? A Accountant, B Entrepreneur, C Company director, D Marketing manager

Back

Entrepreneur

Front

Which of the following is an example of visible trade? A Banking products, B Manufactured aircraft components, C Tourism, D Training services

Back

Manufactured aircraft components

Front

Which of the following is an example of invisible trade? A Insurance, B Machinery, C Coal, D Electronic components

Back

Insurance

Front

Which of the following will improve the international competitiveness of a country?

Back

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