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WorksheetsS1 Business
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
What is Primary Research?
a)
A government report
b)
you take information from a newspaper
c)
you take information from a website
d)
When you research it yourself
2.
Market research is only used for new businesses
a)
True
b)
False
3.
Which type of business has only one owner?
a)
Sole Trader
b)
Partnership
4.
Which type of business is the owner allowed to keep 100% of the profits?
a)
Sole Trader
b)
Partnership
c)
Both
d)
Neither
5.
One of the advantages of a sole trader business is that
a)
owners have limited liability
b)
shares can be sold to raise capital
c)
decisions and responsibilities can be shared
d)
the owner has complete control over decision making
6.
One of the advantages of a partnership is that
a)
all partners have limited liability
b)
shares can be sold on the Stock Exchange
c)
the business has access to more money than a sole trader
7.
Which of the following is not a feature of a private limited company?
a)
Shares can be issued to raise money
b)
Shares can be bought and sold on the Stock Exchange
c)
All owners of the business have limited liability
8.
An Ltd (Private limited company)
a)
Has unlimited liability
b)
Has limited liability
c)
Is listed on the stock market
d)
Can have up to 100 investors
9.
What is an advantage of a partnership?
a)
You have full control
b)
You have more ideas
c)
You can get finance easily
d)
You can choose your shareholders
10.
Which ownership has 2-20 people in it?
a)
Sole Trader
b)
Partnership
c)
Public Limited Company
d)
Private Limited Company
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