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WorksheetsTY Summer, Bus Org, Ethics, Source of Finance
Total questions: 25
Worksheet time: 14mins
Hairdressers, tradespeople are generally
Private Limited Companies
Sole Traders
Partnerships
None of the above
A sole trader does not have to publish it's accounts
True
False
Which of the following organisations have Unlimited Liability
Private Limited Company
Sole Traders
Partnership
State Owned Business
What is the maximum number of people are involved in a Partnership
no maximum
2
99
20
The Memorandum of Association deals with the
external rules of the company
internal rules of the company
finances of the company
all of the above
PLC stands for
(a)
Essential services are generally provided by
Sole Traders
State Owned Companies
Co operatives
All of the above
CRO stands for
Controlled Registration Office
Companies Registration Office
Companies Regular Office
None of the above
One member, one vote rule applies to what type of Business Organisation
Sole Trader
Partnership
Co operative
State Owned
No Continuity of Existence is a disadvantage for which of the following
Private Limited Company
State Owned Company
Sole Trader
Partnership
Which of the following are State Owned Companies
Super Valu
RTE
Laya Healthcare
CIE
A written agreement between the parties in a Partnership is called a
Deed of Business
Partnership Contract
Deed of Partnership
None of the above
Which of the following are examples of typical Partnerships
Beauticians
Doctors
Shopkeepers
Solicitors
When a business fails "Limited Liability" means
You lose everything, including all your personal belongings
You lose nothing if the business
You lose only the profits for that year
You only lose what you put into the business
What is the maximum number of people in a Private Limited Company
20
1
99
no maximum
A set of moral rules and standards that provide guidelines for right and truthful behaviour in business is known as
Honesty
Ethics
Morals
all of the above
CSR stands for
Corporate Social Rules
Corporate Social Responsibility
Companys Social Responsibility
none of the above
Encouraging staff to report unethical behaviour they see in the workplace is known as
Ethics
Telling Tales
Morale Dilemma
Whistle blowing
Bank Overdraft, Accrued Expenses and Invoice Discounting are examples of what source of finance
short
medium
long
all of the above
Select from the following list examples of medium term sources of finance
Grants
Hire Purchase
Leasing
Creditors
True or False, Debentures are an example of Long Term Source of Finance
True
False
"No interest is charged if the bill is paid on time " describes what personal source of finance
Credit Card
Bank Account
Loan
none of the above
Which of the following sources of finance do you need to provide collateral or security
Bank Loan
Hire Purchase
Accrued Expenses
Mortgage
True or False, no interest is charged on a Bank Overdraft
True
False
Which of the following is more expensive for a Business:
Grants
Debentures
