Business Ownership
Authored by C Baillie
Business
9th - 11th Grade
Used 158+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A single person has responsibility
Sole Trader
Partnership
Limited Company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Up to 20 people can be owners.
Sole Trader
Partnership
Limited Company
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type has limited liability
Sole Trader
Partnership
Limited Company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the owner can have their property used to pay debts the business has.
Unlimited Liability
Limited Liability
Limited Company
Unlimited Company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the Business is its own legal entity and is responsible for its own debts.
Unlimited Liability
Limited Liability
Limited Company
Unlimited Company
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You need to register your finances and name with the government.
Sole Trader
Partnership
Limited Company
Unlimited Company
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A benefit of this is you keep all the profit to yourself.
Sole Trader
Partnership
Limited Company
Unlimited Company
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