Types of Business Ownership - GCSE Business
Authored by Steve Leigh
Social Studies
9th - 11th Grade
Used 994+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Someone who is self-employed and runs their own business is likely to be a ...
Partnership
Sole trader
Limited company
Public limited company
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is unlimited liability?
It means you do have to pay the debts of the company you own
It means you have no company debts
It means you don't have to pay the debts of the company you own
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A business which has a huge amount of money invested in it is most likely to be a .....
Sole Trader
Private limited company
Partnership
Public limited company
4.
MULTIPLE SELECT QUESTION
45 sec • 5 pts
Which ownership types have unlimited liability (Meaning they do have to pay the company debts)?
Partnership
Private limited company
Sole trader
Public limited company
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What kind of business is best for opening a store quickly?
Public limited company
Franchise
Charity
Private limited company
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
BONUS QUESTION: Which country is this?
Vietnam
Cambodia
Thailand
Laos
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
If the creator of a business wishes to retain control they should NOT form a ...
Franchise
Partnership
Public limited company
Sole trader
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