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WorksheetsTypes of Businesses
Total questions: 10
Worksheet time: 5mins
A business model that allows individuals to invest in an organisation that already exists and run on their own (following regulations).
Sole Traders
Partnerships
Corporations
Cooperatives
Franchises
An organisation is run and operated by one individual.
Sole Traders
Partnerships
Corporations
Cooperatives
Franchises
An organisation is made up of at least 5 members who contribute to the running of the business.
Sole Traders
Partnerships
Corporations
Cooperatives
Franchises
An organisation run and operated by 2 or more individuals.
Sole Traders
Partnerships
Corporations
Cooperatives
Franchises
An organisation run by 2 or more individuals and is one which is considered a separate legal entity.
Sole Traders
Partnerships
Corporations
Cooperatives
Franchises
Artificial intelligence (AI) is more than just an imaginative creation of science fiction movies. AI gives machines and robots the ability to think and act more like humans.
True
False
Sole Trader has the sole responsibility of running a business and is easier to set up.
Advantage
Disadvantage
Which are three advantages of Cooperatives?
Make each other feel values as there are no titles and everyone is equal.
Equal Voting Rights
Shared Responsibility
Frequent Disagreements
Companies are more expensive and tricky to set up and maintain than proprietorships or partnerships, but they protect the owner(s) by providing them with...
Limited Trust
Limited Hope
Limited Liability
Liability Limited
Subway, McDonald's and Hungry Jack's are all examples of a _________ business.
Food
Franchises
Sole Traders
Shop
