Business Studies year 7 2ND CAT

In _______ company, workers can become shareholders

• public limited liability company

• Public corporation

• Private limited liability company

• Partnership.

• Sole proprietorship

Which of the following company sell shares to members of the public ?

• Private limited liability company

• Public limited liability company

• Public Corporation

• Partnership

• Sole trader

The act of passing a message from one person to another is

• business

• I.C.T

• E-Mail

• Communication

• interaction

A large room in which goods are stored for future sales or use is called

• shop

• class

• warehouse

• sea port

• store

A ………………. Transaction occurs when cash is not paid immediately for goods bought.

• delayed

• cash payment

• hire purchase

• credit

• future

Which of the following is a journal?

• profit and loss account

• ledger

• sales day book

• receipt

• cheque

What is the least number of persons that can form a public limited liability company?

• 20

• 2

• 7

• 10

• 40

Which of the following is the oldest form of business organization?

• Limited company

• Partnership

• Sole proprietorship

• Co-operative

• public enterprises

……………… is human effort, physical or mental, used in production.

• labour

• land

• capital

• entrepreneur

• mentalskills

A person who buys shares of a company is known as a

• chair man

• shareholder

• stockholder

• chair person

• Manager