S3 - Types of Business Organisations

A sole trader is in which sector of economy?

• Private

• Public

• Third

A private limited company can be shortened to..

• PLC

• LTD

• Limited

• Private

Which of the following organisations would have unlimited liability?

• Sole trader

• Charity

• Private Limited Company

• Partnership

A partnership can have a maximum of how many partners?

• 2

• 10

• 20

• 200

A private limited company is owned by who?

• Private individuals

• Owner

• Shareholders

• Board of Directors

Being a sole trader means you can keep all the profits?

• True

• False

A private limited company is controlled/run by who?

• Shareholders

• Board of Directors

• Board of Trustees

• Government

Which of the following organisations is in the Third Sector?

• Clackmannanshire Council businesses

• Charities

• Social Enterprises

• Partnerships

A Social Enterprise has which of the following features?

• Owned by 2 people

• Is in the private sector of economy

• Re-invests the profits back into the company

• Has a social/environmental aim

A voluntary organisation is ran by who?

• Board of Trustees

• Volunteers

• Entrepreneur

• Shareholders