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WorksheetsPrivate Limited Companies
Total questions: 16
Worksheet time: 8mins
Private Limited Companies are owned by
Sole Traders
Partners
Shareholders
The Government
Sole Traders have
Unlimited Liability
Limited Liability
Private Limited Companies have
Limited Liability
Unlimited Liability
Partnerships have
Limited Liability
Unlimited Liability
Sole Traders, Partnerships and Private Limited Companies are in which sector of the Economy?
Private Sector
Public Sector
Third Sector
Which of the following 3 are Private Limited Companies?
Colin Logan Building Contractors LTD
Islay Hospital
Aitchison LTD
Mactaggart Leisure Centre
B. Mundell LTD
Which of the following is the least complicated to set up?
Sole Trader
Partnership
Private Limited Company
A sole trader gets to keep any profits made for themselves
True
False
How many People can be in a Partnership?
Unlimited
2 only
Between 2 & 20
Between 2 & 10
The shareholders elect a Board of Directors to run a Private Limited Company
True
False
Shareholders recieve a share of the profits a LTD makes called a
Dividend
Bonus
Commission
Cash Prize
Private Limited Companies have to make Financial Information Public
True
False
Which 2 of these types of organisations must share their profits?
Sole Trader
Private Limited Company
Partnership
Islay High School, Islay Hospital and Gartbreck Recycling Sector are in which Sector of the Economy?
Private Sector
Public Sector
Third Sector
The public sector is owned and controlled by the Government?
True
False
Which of the following are in the Third Sector? (3)
Re-Jig / IDI
The Islay Shop
Campbell Grey Hotels LTD
MacTaggart Leisure Centre
Islay and Jura Bump to Birth Charity
