Year 9 - Forms of Ownership

What is a sole trader business?

• A business owned by 2-20 people
• A business owned by one person
• A business which sells shares to family and friends
• A business which sells shares on the stock exchange

What is a partnership business?

• A business owned by 2-20 people
• A business owned by one person
• A business which sells shares to family and friends
• A business which sells shares on the stock exchange

What is a private limited company business?

• A business owned by 2-20 people
• A business owned by one person
• A business which sells shares to family and friends
• A business which sells shares on the stock exchange

What is a public limited company business?

• A business owned by 2-20 people
• A business owned by one person
• A business which sells shares to family and friends
• A business which sells shares on the stock exchange

Which one the following is NOT an example of a franchise?

• McDonalds
• Subway
• KFC
• Tesco

What is one advantage of being a sole trader?

• You are responsible for the whole business
• Your business has to close if you go on holiday 
• You work long hours
• You keep all the profit

What is one disadvantage of being a partnership?

• You have shared responsibility
• You share the working hours
• You might have arguments
• Each person puts the same capital in

Which company does PLC represent?

• Private Limited Company
• Public Limited Company

Which company does LTD represent?

• Private Limited Company
• Public Limited Company

What is a not-for-profit business?

• A business who helps a cause and doesn't make profit
• A business who sells just products
• A business who sells just a service
• A business not based in the UK