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WorksheetsTypes of organizations
Total questions: 17
Worksheet time: 9mins
Business in the private sector are owned and controlled by individuals or groups of individuals
True
False
Business in the public sector are owned and controlled by the governmental authorities
False
True
Sole trader are:
owned and managed by a single person. And the individual has unlimited liability.
Owned and managed by two or more people. The inviduals has limited liability
Owned and managed by a single person. The individual has limited liability
A partnership is:
A business owned and managed by two or more. Decisions are made by the partner that invested the most and the liability depends on the investment also.
A business owned and managed by more than one person. Decisions should be made jointly and all partners will be equally liable.
Companies and corporations have multiple owners that are called:
Stakeholders
Shareholders
When a business has registeres as a company:
The owners are legally separate from the business, so they are no longer liable for debts.
The owners aren't legally separate from the business, so they are liable for debts.
For - profit social enterprise:
have a social aim, but still aim to make profit
have a social aim, so they don't want to make profit
A social mission is the main aim of non profit enterprises. Any money made is called surplus.
True
Flase
Cooperatives are:
A form of partnership, the business is owned and run by all the members. They all invest, resources, expertise, finance.
A form of partnership, the business is owned and run by one person. He invest: resources, expertise, finance.
Emilio started up an organization that provide small amount of finance to those who would not have access to it. The money is lent with specific conditions and schedule repayment. What type of organization is it?
Micro-financiers
NGO
PPP
Charity
Lucía is in charge of Sacyr, a construction company. In 2018 the government offered tax incentives to the private sector to construct a Hospital in Puente de Vallecas, so they made a partnership.
Company
PPP
Cooperative
Partnership
How many people live in the earth?
7.53 billion
7.53 million
7.53 thousand
How many companies are in the world?
190 billion Companies
190 million Companies
190 thousand Companies
A difference between a private limited company and a public limited company is:
Private limited company can only sell shares in the company privately.
If a company decides to become a public limited company, then it has to offer shares in a public place- ''the company is going public''
All of them are true
In a company, the shareholders own but do not run the business
TRUE
FALSE
In a company, the shareholders are liable for the debts of the business.
TRUE
FALSE
Compared to other forms of business organizations, companies have greater stability and higher chance of continuity.
TRUE
FALSE
