Quiz 02

Who owns and manages a franchise business locally?

• Government

• Investor

• Franchisee

• Retailer

• Which is not a reason for cancelling a franchise agreement?
  

• • Purchasing from unauthorized suppliers

• • Increasing royalty payments

• • Starting a competitive business

• • Misusing the brand logo

• Which of the following is a key principle of cooperatives?
  

• • Unlimited liability

• • Ownership by a single party

• • Share price fluctuation

• • Autonomy and independence

• What act governs cooperatives in Sri Lanka?
  

• • Cooperative Society Act No. 05 of 1972

• • Company Act No. 07 of 2007

• • Partnership Ordinance of 1890

• • Corporative Law of 1980

• Which is a disadvantage of cooperative societies?
  

• • Limited liability

• • Use of technology

• • Lack of funding due to low share value

• • Easy access to loans

• What is the name of the committee that monitors financial discipline in public corporations?
  

• • Public Financial Committee

• • COPE

• • FRC

• • CPC

What is a key feature of state companies?

• Unlimited liability

• Registered under Cooperative Act

• Over 50% of shares held by government

• Not listed in CSE

• Which of the following is not a feature of government departments?
  

• • Unlimited liability

• • Legal entity status

• • No tax liability

• • Controlled by the minister

• Who appoints the directors in public corporations?
  

• • Shareholders

• • Parliament

• • Ministry of Finance

• • Company registrar

1. What distinguishes public corporations from government departments?
   

• 1. Registered in CSE

• 1. Unlimited liability

• 1. Funded by private parties

• 1. Established under an act of Parliament