Worksheets1.4.1 Start ups and Small Business's
Total questions: 8
Worksheet time: 4mins
Which franchise has the most stores?
Subway
McDonalds
Starbucks
Burger King
A business that is directly responsible for its debts is said to have:
Limited Liability
Unlimited Liability
All Liability
No Liability
A limitation of Unlimited liability is:
Business Owners will be at personal risk if the business was to fail.
Business owners have a separate legal lability from the business
Business owners will have to publish their accounts
Business owners will not have to personally pay for the business's debts
Sole traders have what type of liability?
Limited Liability
Unlimited Liability
What type of business can be referred to as a "business in a box"
Partnership
Franchise
Sole Trader
Public Limited Company
An example of a typical partnership business is a?
Accountant
Global Enterprise
McDonalds
Painter
Public Limited and Private Limited Company's
must publish their accounts
Sell Products
Have less than two owners
An example of a Public Limited Company is
Rolls Royce Plc
Eddie Stobart Ltd
Plumber
Accountants
