Business Ownership types

Which of the following is a key feature of a sole trader?

• Which of the following is a key feature of a sole proprietorship?

• Owned by shareholders

• Owned and managed by one individual

• Funded by the government

What is a primary advantage of a partnership?

• Unlimited liability

• Shared decision-making and resources

• Limited funding options

• Shareholder funding

In terms of number of businesses, order these with the largest number of businesses in the UK at the top

• Small businesses (0-49 employees)

• Large businesses (250 or more employees)

• Medium-sized businesses (50-249 employees)

What is the primary goal of a public sector organisation?

• Maximizing profits for owners

• Providing essential services to citizens

• Innovating to attract customers

• Generating income for shareholders

A charitable organization is typically funded through which of the following?

• Donations and grants

• Private investors

• Membership fees

• Selling shares on the stock market

A local community-run gym reinvesting its profits into youth programs is an example of which ownership type?

• Sole proprietorship

• Social enterprise

• Partnership

• Public sector organization

Which sector is most likely to offer placement opportunities in policy development or public service delivery?

• Private sector

• Public sector

• Charitable sector

• Social enterprises

Which organisation registers and regulates charities in the UK?

• Charity Charter

• Charity Companies House

• Charities Competition Authority

• Charity Commission