WorksheetsTypes of business organisation
Total questions: 20
Worksheet time: 10mins
A sole trader always must work on their own.
True
False
Sole traders are businesses less complicated to run.
True
False
In this kind of business, one person can make all the decisions.
sole trader
partnership
private limited company
Sole traders is an unincorporated business.
Yes
No
If the owners of a partnership take out a loan they responsible for the loan.
Yes
No
Usually, partnerships have between...
2 and 20 partners
2 and 4 partners
more than 50 partners
Which one has more financial risk?
a partnership
a sole trader
A document that partners can refer to when a conflict happens in a partnership.
The deed of partnership
The partnership contract
The constitution
Which one can attract investment from "sleeping partners"?
sole trader
partnership
These are not legally registered as companies or corporations.
unincorporated businesses
incorporated businesses
They have a separate legal identity to their owners.
incorporated businesses
unincorporated businesses
When a company takes out a loan their owners are responsible for paying the loan.
True
No
A share is a percentage of the company.
True
False
Anyone can buy shares of a private limited company.
True
False
Anyone can buy shares of a public limited company.
True
False
Allows a business to operated under the name of an already existing brand.
a partnership
a franchise
a sole trader
Franchises have a high possibility to have success.
True
False
When two companies work together to create or run a new company.
a joint venture
a franchise
a partnership
These are run by individuals.
Public sector companies
Private sector companies
These are run by the government.
Public sector companies
Private sector companies
