Business Structures Flashcard
Flashcard
•
Business
•
11th Grade
•
Practice Problem
•
Hard
Matthew Phillips
FREE Resource
Student preview
10 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is one advantage of a sole trader business structure?
Back
Easy to set up with few legal formalities
2.
FLASHCARD QUESTION
Front
What is an advantage of a private limited company (Ltd)?
Back
Limited liability protects owners' personal assets
3.
FLASHCARD QUESTION
Front
Which business structure allows for shared decision-making? Sole trader, Partnership, Private limited company (Ltd), Public limited company
Back
Partnership
4.
FLASHCARD QUESTION
Front
What is one disadvantage of a business structure with more shareholders?
Back
Slower decision-making
5.
FLASHCARD QUESTION
Front
Advantage of a Public Limited Company (PLC)?
Back
Limited liability for shareholders
6.
FLASHCARD QUESTION
Front
What is a disadvantage of a Public Limited Company (PLC)?
Back
Expensive and complex to set up
7.
FLASHCARD QUESTION
Front
Why might a Public Limited Company (PLC) face a risk of hostile takeovers?
Back
Shares are sold to the public
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