Types of business organisation

________ is a business owned by one person.

• Sole Trader

• Partnership

• Joint venture

• Public limited company

0. From the following which is a disadvantages of being a sole trader?

• • few legal regulations

• • freedom to choose his own holidays

• • does not have to share these profits

• 0. Unlimited liability

• From the following which is an unincorporated business?

• Sole Trader

• Private Limited Company

• Public Limited Company

• Unincorporated business means

• • Dose not have a separate legal identity from the owner

• Not allowed to share profits

• Having Limited Liability

From the following which is allowed to sell shares to public?

• Private Limited Company

• Public Limited Company

• Sole Trader

• Partnership Firm

________ are payments made to shareholders from the profits (after tax) of
a company.

• Interests

• Dividends

• Salaries

• Bonuses

A _______ is a business based upon the use of the brand names, promotional logos and trading methods of an existing successful business.

• Sole Trade

• Partnership

• Franchise

• Joint venture

Disadvantage to the franchisee from franchising business.

• Franchisor pays for advertising

• All supplies are obtained from a central source – the franchisor

• Training for staff and management is provided by the franchisor

• Less independence than with operating a non-franchised business

A __________ is where two or more businesses start
a new project together, sharing capital, risks and profits.

• Parthenship

• Joint Venture

• Sole Trade

• Public Limited Company

A __________ is a business in the public sector that is owned and controlled by the state.

• private limited company

• public limited company

• sole trade

• public corporation