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Business Organisations

Authored by Easo Johnson Pantholipeedikayil

Business

8th - 10th Grade

Used 38+ times

Business Organisations
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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Sole trade can be defined as:

the business employs only one person

the business is owned by one person

the firm has a single cusomer

there is a single firm in the industry

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is a benefit of a sole trade?

owners have limited liability

shares can be sold to raise capital

responsibilities can be shared

the owner has complete control

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A disadvantage of a sole trade business is:

decisions take too long to make

the owners may disagree

capital is limited

they are government owned

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is an advantage of partnership?

all partners have limited liability

shares can be sold on the stock exchange

business survives the death of partners

access to more capital than a sole trade

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is NOT a feature of a private limited company?

shares can be issued to raise capital

shares can be traded on the Stock Exchange

all owners have limited liability

business continues after the death of a shareholder

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is TRUE for most public limited companies?

they are owned and controlled by government

they are owned and controlled by shareholders

they are owned by shareholders but controlled directors

they are owned and controlled by the workers

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

One reason to change a private limited company into a public limited company is:

they do not want to remain in the private sector

they want to gain the benefits of limited liability

they want to keep their annual accounts secret

they want to raise additional capital for expansion

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