OCR 1-9 Business 1.3 - Ownership Structure

Quiz
•
Business
•
10th - 11th Grade
•
Medium
Arron Smith
Used 449+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Disadvantage of a Sole trader:
Expensive to create
Hard to employ people
Doesn't generate much profit
Unlimited liability
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An advantage of operating as a sole trader...
Owner receives all profit
No need to pay tax
Investment from shareholders
Cheaper advertising
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business ownership in which 2 or more people share assets, liabilities, and profit
Sole Trader
Partnership
Public limited company
Private limted company
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
A company with limited liability
Sole Trader
Partnership
Public limited company
Private limited company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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