Types of Businesses
Authored by Elizabeth Filitonga
Business
8th Grade
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following has the simplest business structure
sole trader
partnership
franchise
private company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Cooperative can be defined as
Trading on your own
an association of people
a community enterprise owned and controlled by a number of people
A complex legal structure
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A partnership is an association of people where business partners all receive income
true
false
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is an ADVANTAGE of a sole trader business
long hours
responsible for all debt
pressure all on you
full control
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which are disadvantages of a sole trader business
Unlimited liability
Responsible for all debt
Long hours
all of the above
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
There are five different types of businesses
true
false
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following business types are cheap to start up
franchise
private company
public company
sole trader
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