S3 - Types of Business Organisations
Authored by L MacDonald
Other
7th Grade
Used 29+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sole trader is in which sector of economy?
Private
Public
Third
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A private limited company can be shortened to..
PLC
LTD
Limited
Private
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following organisations would have unlimited liability?
Sole trader
Charity
Private Limited Company
Partnership
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A partnership can have a maximum of how many partners?
2
10
20
200
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A private limited company is owned by who?
Private individuals
Owner
Shareholders
Board of Directors
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Being a sole trader means you can keep all the profits?
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A private limited company is controlled/run by who?
Shareholders
Board of Directors
Board of Trustees
Government
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