Worksheetsbusiness studies 1.3
Total questions: 11
Worksheet time: 8mins
The..... procedure matches the requirements of a post with the strengths of a candidates
induction
recruitment
placement
remuneration
A sole trader is a business owned by ...(REM)
2-20 MEMBERS
Maximum of 10 people
1-50 shareholders
1 individual
Which of the following is not the advantage of partnership? (REM)
Combining skills leads to greater efficiency.
The risk is spread and there should be less personal stress.
They must at least have directors.
It is easy and cheap to establish.
What do you think will happen if the owner of a sole trader dies? (UND)
The business will continue.
The business will then dissolve.
Family member can take over & run the business.
The business can lose customers.
The examples of the sole trader includes...(UND)
Barber shop
Tuck shop
Street venders
All of the above
What is the difference between a sole trader and partnership? (UND)
A sole trader is owned by 1 person, whereas partnership is owned by 2-20 members.
Partnership has 2 directors & sole trader has 1 director.
It is not easy to establish a sole trader than it is for partnership.
None of the above.
A trade mark is...
slogan
logo
brand name
All of the above
Membership in a private company is 1 to ... number
of
shareholders
20
7
infinity
50
The movement of money in and out of the business is called..
budget
balance sheet
cash flow
profit
Money paid to the original musician or producer for each performance of their work
Rent
Interest
Profit
Royalties
A compulsory payment by employers to the government. The funds are used for
education and training.
Premium
Interest
Tax
Skills levy
