Edexcel Business - Grade 9

What is the word to describe people employed in a business?

• Labour

• Customer

• Sole trader

• Shareholder

What is the name of a business where there is no legal difference between the owner and the business?

• Public limited company

• Franchise

• Unincorporated

• Cooperative

When an owner of a business is only liable for the amount initially invested, this is known as?

• Unlimited liability

• Legally binding

• Franchise

• Limited liability

A structure in which a business owner allows another operator to trade under their name is called a?

• Limited company

• Franchise

• Cooperative

• Partnership

Business that aims to improve human or environmental well-being, is known as a?

• Social enterprise

• Public limited company

• Private limited company

• Multinational

Name an organisation that gives money, goods or help to people who are poor, sick, or in need?

• Bank

• Supermarket

• Charity

• Venture capitalist

Name a business which is owned by between 2 and 20 people?

• Sole trader

• Charity

• Partnership

• Sole proprietor

A business that has separate legal identity from that of its owners is said to be?

• Incorporated

• Unincorporated

• Franchise

• Sole trader

A business owned by one person is called?

• Partnership

• Public limited company

• Charity

• Sole trader

Partnership where some partners contribute capital and enjoy a share of the profit but do not take part in the running of the business is known as a?

• Public limited company

• Partnership

• Private limited company

• Limited partnership