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WorksheetsBusiness Basics
Total questions: 10
Worksheet time: 5mins
Which business type allows membership to be fall between 2 to 50 persons?
Private limited companies
Co-operative
The minimum number of shareholders allowed in a public limited company is:
20 shareholders
7 shareholders
Which of the following type of business is owned and operated by one person?
Sole trader
Cooperative
One feature of a public limited company is:
Shares are sold to existing members
Shares are sold on the stock market
Limited Liability means?
A firm is unlikely to go bankrupt
Shareholders cannot be asked to pay for the company debts
Which is not a type of business ownership in the private sector?
A Partnership
The National Health Service
Which type of business ownership is operated by board of directors?
Private limited company
Public limited company
In which form of business, there is no need to share profits?
Company
Sole trader
A sole trader has a limit in which of the following ability?
Ownership
Workers
Companies are most suited for?
Small scale businesses
Large scale businesses
