
Unit 1 Knowledge True or False
Authored by David Whitsed
Business
9th - 12th Grade
Used 1+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Companies have shareholders so they benefit from more ideas
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limited liability protects shareholders. This means that investors are more willing to invest. This is the purpose of limited liability.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The owner of the 7-Eleven franchise (CP/True) keeps 100% of the profits made by all 7-Elevens.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
McDonalds, Chob Cha and 7 Eleven are franchises
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As an economy develops, the tertiary sector grows to be the biggest sector. This creates a growth in demand for services.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main reason for creating a joint venture is for separate companies to stay separate, but still share costs, expertise and profits.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A joint venture is created by two separate companies who share the cost, control and profit
True
False
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