A level Business Ownership
Authored by Sara Hill
Business
4th Grade
Used 6+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is not a legal form of business
A sole trader
A partnership
A private limited company
A public limited partnership
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which statement is true regarding a private limited company (Ltd):
A small business run by two to twenty person
Shares are sold on the stock market
Shares are only sold to family and friends
Has unlimited liability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business ownership from the following has unlimited liability?
Charity
Public limited company
Private Limited Company
Sole trader
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of these are advantages of a private limited company
limited liability
shares are sold on the stock market to raise additional finance
ownership still remains with friends and family
Relatively easy to set up
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What are the disadvantages of operating as a sole trader?
Unlimited liability
Long hours, hard work
Own boss, full control
Flexible hours
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a form of business ownership in which 2 or more people jointly owns a business
Sole Trader
Social Enterprise
Partnerships
Charity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the name of a person who owns part of a limited liability company?
Stakeholder
Shareholder
Trust Agent
Chairman
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