Revision quiz

Which of the following types of business organisations are in the private sector?

• Sole trader

• Partnership

• Public Limited Companies

• All of the above

Which of the following is a feature of public limited company?

• one owner

• 2 to 20 owners

• owners can only sell shares to friends or relatives

• owners can sell shared to anyone

• The fastest way to expand

Sole trader and partnership businesses have ____________.

• Unlimited liability

• limited liability

Public sector businesses are operated by _______

• different owners

• one owner

• government

• family members

One advantage of being a franchisee

Identify two business objectives a business may have

Which of the following stakeholder groups will be affected when business sales is low (assuming this is a limited company) - There are more than one answer.

• owner

• manager

• shareholders

• customers

Which of the following is NOT an advantage of a partnership business?

• partners can contribute capital

• there can be division of labour

• there is unlimited liability

• there can be discussion on various ideas

One difference between public limited company and private limited company is that

• one has limited liability and the other has unlimited liability

• one is government owned and one is private owned

• One has shareholders and the other do not have

• one can sell shares to many and the other can only sell shares to family members and friends only

The chapters that I need help the MOST

• Chapter 1

• Chapter 2

• Chapter 3

• Chapter 4

• Chapter 5