Business Basics

Which business type allows membership to be fall between 2 to 50 persons?

• Private limited companies

• Co-operative

The minimum number of shareholders allowed in a public limited company is:

• 20 shareholders

• 7 shareholders

Which of the following type of business is owned and operated by one person?

• Sole trader

• Cooperative

One feature of a public limited company is:

• Shares are sold to existing members

• Shares are sold on the stock market

Limited Liability means?

• A firm is unlikely to go bankrupt

• Shareholders cannot be asked to pay for the company debts

Which is not a type of business ownership in the private sector?

• A Partnership

• The National Health Service

Which type of business ownership is operated by board of directors?

• Private limited company

• Public limited company

In which form of business, there is no need to share profits?

• Company

• Sole trader

A sole trader has a limit in which of the following ability?

• Ownership

• Workers

Companies are most suited for?

• Small scale businesses

• Large scale businesses