BSE UNIT 11 lesson 1 Types of Business Structures industry

Which of the following is NOT a type of business structure that exists in the built environment and construction industry?

• Public Limited Company (PLC. Ltd)

• small and medium enterprises (SMEs)

• not for profit or community interest organisations

• Sole Proprietorship

What is one of the advantages of a limited company?

• Public scrutiny

• Financial accounts are published

• Liability limited to capital

• Corporation tax

Which of the following is a disadvantage of a limited company?

• Complete control

• Legal entity

• Paid in salary or dividends

• Public scrutiny

How is a limited company regulated in the UK?

• By the shareholders

• By the government

• By the board of directors

• By the customers

How many homes does Vistry Group PLC deliver a year across the UK?

• 3,000

• 12,000

• 143.9

• 350

What is the approximate number of employees Vistry Group PLC has in the UK?

• 12,000

• 3,000

• 143.9

• 350

Before tax, how much profit did Vistry Group PLC make in 2020?

• £12,000

• £3,000

• £143.9m

• £350m

What is a sole trader?

• A company with multiple shareholders

• An individual person trading under a business name

• A partnership between several individuals

• A government-owned business

Which of the following is an advantage of being a sole trader?

• Regular salary

• Holiday pay

• Privacy

• Company benefits

What are sole traders personally liable for?

• Only a portion of the business debts

• The debts of other businesses

• The debts of the business

• None of the business debts