Tourism Industry Quiz

How many partners can a partnership have?

• Between two and twenty

• Between one and ten

• Between five and fifty

• Between ten and thirty

What is a disadvantage of partnerships?

• Limited liability

• Disagreements between partners

• Easy decision-making

• No need for trust

What is a key advantage of public limited companies?

• Limited access to capital

• Shares are not transferable

• Ability to raise large sums of money

• Limited number of shareholders

What is a key advantage of not-for-profit organisations?

• They have unlimited liability.

• They are eligible for tax relief.

• They require no paperwork.

• They have high personal control.

What type of organisations are charities and voluntary organisations?

• For-profit businesses

• Not-for-profit businesses

• Government agencies

• Private corporations

What is a common scrutiny faced by not-for-profit organisations?

• Financial secrecy

• Public inspection

• Private audits

• Internal reviews

Which of the following is a financial objective for tourism businesses?

• Employee satisfaction

• Revenue

• Community engagement

• Environmental sustainability

What is an example of ethical trading in tourism?

• Selling local handmade crafts

• Offering discounts to employees

• Reducing ticket prices

• Selling items from Third World countries

What is a possible financial objective related to sales?

• Employee training

• Total value of sales of products and services

• Community outreach

• Environmental impact

What is a common financial objective for a startup business?

• Market expansion

• Profit maximization

• Employee retention

• Corporate social responsibility