IGCSE Business (8)

which one of the following is an advantage of a sole trader?

• Limited Liability

• More capital can be raised than a partnership

• Unlimited liability

• independence of owner

Having a clear social and/or environmental mission is a feature of which business structure?

• Franchise

• Sole Trader

• Social Enterprise

• Partnership

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

• Franchisor

• Partnership

• Franchisee

• Social Enterprise

Taking risk in business is a key role of which of the following?

• Accountant

• Entrepreneur

• Company Director

• Marketing Manager

Which document would be issued to a limited company giving it a permission to trade?

• Memorandum of association

• Articles of association

• Certificate of incorporation

• Prospectus

Which item of information would be contained in the memorandum of association?

• Rights of shareholders

• Name of the company

• Price of the shares to be issued

• Procedures for appointing the directors

Selling shares to the public for the first time to raise the capital for a company is called a:

• Flotation

• Prospectus

• Joint Venture

• Venture capital

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

• Shareholders have limited liability

• Owners have to share the profit with outsiders

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

• Control could be list to outsiders