Unit 1 quiz

Which of the following is a business stakeholder?

• Lawyer

• Tax Collector

• Customer

• Police Officer

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

• Franchisor

• Partnership

• Limited company

• Social enterprise

Which of the following is a non-financial business objective?

• Increase market share

• Independence & control

• Profit maximisation

• Survival

Which of the following is a financial business objective?

• Improve customer services

• Independence & control

• Sales growth

• Improve social responsibility

Which of the following is an advantage for a sole trader?

• Limited liability

• More capital can be raised than a partnership

• Unlimited liability

• Independence for owners

Which of the following is a disadvantage of a private limited company?

• Shareholders have limited liability

• Owners have to share the profits with "outsiders"

• It can take time to transfer shares to a new owner

• Control could be lost to "outsiders"

Which one of these statements is an advantage of a public limited company?

• Outsiders can take control by buying shares

• More regulatory control

• More financial information has to be made public

• Large amounts of capital can be raised

A company has its own coffee bean plantation, which sector would this be classed under?

• Primary sector

• Secondary sector

• Tertiary sector

• Manufacturing sector

Which of the following is an advantage of a partnership?

• Partners have unlimited liability

• Easy to set up and run

• Any partners' decision is legally binding on all

• Profit is shared between the partners

Which of the following factors is likely to be most important when choosing a location for a supermarket?

• Proximity to suppliers

• Low-cost land

• Exchange rate

• Energy costs