S3 Types of Business Organisations
Authored by Mairi Buchan
Business
8th Grade
Used 22+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What sector do Sole Traders belong to?
Public
Private
Third
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To start a Partnership there needs to be how many people?
2
2-10
2-20
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limited Liablity means
You can only buy a certain amount of shares
You are limited by the choice of shares
You only lose the amount of money you have invested, if debt problems occur
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A shareholder
Owns a share in a Sole Trader
Owns shares in a Private Limited Company
Owns shares in a Partnership
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following is an advantage of a Partnership
You can choose your own holidays
Workload is shared
You have noone to share your problems with
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Board of Director
Runs a Ltd Company
Runs a Sole Trader
Runs a Partnership
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This organisation is very easy to set up
Partnership
Sole Trader
Private Limited Company
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