Business Organisations

Business Organisations

12th Grade

37 Qs

quiz-placeholder

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Business Organisations

Business Organisations

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Fergal Conway

Used 14+ times

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37 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sole Traders are a group of people who set up, own and manage a business.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an advantage of being a sole trader?

Unlimited Liability

Confidentiality of Accounts

Lack of capital

Stress

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a disadvantage of being a sole trader?

No continuity of existence

Keeps all profits

Easy to set up

All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partnership has how many partners?

2-40

1-129

2-20

2-200

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a disadvantage of a Partnership?

Easy to set up

More capital

More skills and expertise

Unlimited liability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an advantage of a Partnership?

Easy to set up

More capital

More skills and expertise

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Private limited company has 1 - 129 owners.

True

False

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