BUSINESS ORGANISATIONS

Which business organisation involves one person who provides the permanent finance and in return has full control and all profits?

• Public Corporation
• Sole Trader
• Partnerships
• Public Limited Company

Which of the following are an unincorporated business?

• Partnership
• Franchise
• Public Limited Company
• Private Limited Company

Which is a disadvantage to a Private Limited Company?

• Cannot raise capital from sale of shares
• limited liability for shareholders
• cannot sell shares to the public
• lack of continuity

Which of the following is mentioned in The Articles of Association

• Name and address of registered offices
• objectives of company
• Rules under which the company will be managed
• Number of shares to be bought by each of the directors

Dividends are

• income received from shareholders
• payments to shareholders from profits after tax
• payments to workers
• payments to shareholders from profits before tax

Which of the following are true?

• No disclosure of accounts required in a Public Limited Company
• Private limited companies have less legal formalities than a partnership
• shareholders can attend and vote vote on Board of directos at AGM
• easy to transfer shares in a private limited company

Shareholders

• are owners of a limited company
• are owners of an unicorporated business
• control the running of the business
• do not receive dividends

A partnership agreement is

• a necessary requirement
• needed for all companies
• not recommended
• a written legal agreement

A partnership agreement

• is a necessary requirement
• needed for all limited companies
• not recommended
• is a written, legal agreement

A partnership usually has 

• 1-20 partners
• 2-20 partners
• 20-200 partners
• 200-2000 partners