Business Ownership Quiz

What are the two main types of limited companies? 

• Private and Public

• Shareholders

A ______ is a business owned and managed by two or more people. 

• Franchiser

• Joint Venture

• Partnership

• Mr. Dinler

What are the main advantages of a sole trader? 

• Complete Control

• fun and enjoyable

• Keeps the profit

• gets boring

Ordinary shareholders are the owners of the company.  

• False

• Maybe

• True

A ______ is a business owned and managed by one person. 

• Franchiser

• Sole Trader

• CEO

One advantage of a sole trader is ‘the business can often be set up with a small amount of money of _________. 

• Stonks

• Start-up Capital

• Liability

• Kenya

What is one of the disadvantages of a partnership? 

• 
  Share the profits 
  

• Shares the profit

• Shared decision making 
  

•  
  Easy to set up a deed of partnership 

Which four statements about the disadvantages of a sole trader are true? 

• Unlimited liability

• May not be able to raise funds 

• Typing Skills(INCORRECT) -> Business skills(Correct)

• QR Code

A _____________ benefits two or more business to work closely together on a business opportunity. (NO CAPS)