Business Ownership
Authored by Rob Kerr
Business
9th - 12th Grade
Used 43+ times
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20 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following types of business have unlimited liability
Sole Trader
Partnership
Private Limited Company
Public Limited Company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the best description of Unlimited Liability?
The profits available are unlimited
The owners responsibility for the debts of the company are unlimited
You cannot lose your house or your car because they are protected
The company has a separate legal identity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an advantage of being a Sole Trader
Profits need to be shared
Shares can be sold to friends and family
They have unlimited liability
Full control over decision making
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who can Private Limited Companies sell their shares to?
Members of the public
Friends and family
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the odd one out?
Private Limited Company (Ltd)
Private Limited Company (PLC)
Public Limited Company (PLC)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the only ownership type that allows the owner to keep all the profit?
Private Limited Company
Partnership
Sole Trader
Public Limited Company
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which ownership type can sell shares on the stock exchange to the general public?
Sole Trader
Partnership
Ltd
PLC
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