Revision3 T1 Grade9

Which of the following is an example of a private sector business?

• Dubai Health Authority

• Pepsi

• Abu Dhabi Airports

If one owner leaves, the business must close. What type of business structure is this?

• Sole trader

• Partnership

• Private limited company

What type of business structure sells shares, has unlimited owners and is controlled by a Board of Directors?

• Sole trader

• Private limited company

• Public limited company

What is an advantage of private limited companies?

• Large companies can compete more easily than smaller businesses.

• A small number of shareholders, so shareholders have control over business decisions.

Domino’s Pizza is a successful business which was opened in the USA in 1960. It sells the use of its name, products and logo to other people around the world that want to open a Domino’s Pizza shop.

 

 

 

What type of business structure is this an example of?

• Sole trader

• Franchise

• Partnership

Reem wants to open a social media advertising business. Five of her friends want to buy shares in the business. Reem only wants to have a few shareholders. All shareholders will be involved in making decisions for the business.

 

 

 

Recommend a business structure for Reem.

 

• Sole trader

• Partnership

• Private company

Which business objective means that the business thinks about the effect their decisions have on individuals, society or the environment?

• Growth

• Corporate social responsibility

• survival

Which element of a SMART objective is one that is possible to reach?

• Specific

  Measurable

  Achievable

• Measurable

• Achievable

Which one of the following objectives is measurable?

• To make a profit.

• To make some money.

• To make a profit of Dh3,000 within 2 months.

Norah works at a sports clothing store. She wants the business to be successful, so she can be paid a higher salary.

 

 

 

What type of stakeholder is Norah?

 

• Internal: Customer

• Internal: Employee

• External: Employee