TYPES OF BUSINESS ORGANISATIONS: Business Economics

__________ is the simplest and most common type of business.

• A sole trader

• A partnership

• A cooperative

Sole traders have _____________ liability.

• half

• limited

• unlimited

A partnership is an agreement between a minimum of _______ partners.

• twenty

• two

• twelve

In an ordinary partnership ___________ take an active role in running the business.

• all partners

• not all partners

• only two partners

Limited company and joint-stock company ______________.

• are not synonyms

• are synonyms

In a limited partnership _____________ for losses.

• only one partner is liable

• all partners are liable

• only two partners are liable

The capital of a cooperative society is provided by the ___________.

• shareholders

• members

• ordinary people

The ______________ is the person who establishes the brand's trademark.

• franchisor

• franchisee

• franchise

What is the business structure of many multinationals?

• divisional

• functional

• matrix

Private limited companies __________ on the stock exchange.

• can be quoted

• cannot be quoted