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Edexcel Business - Grade 9

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

What is the word to describe people employed in a business?

a)

Labour

b)

Customer

c)

Sole trader

d)

Shareholder

2.

What is the name of a business where there is no legal difference between the owner and the business?

a)

Public limited company

b)

Franchise

c)

Unincorporated

d)

Cooperative

3.

When an owner of a business is only liable for the amount initially invested, this is known as?

a)

Unlimited liability

b)

Legally binding

c)

Franchise

d)

Limited liability

4.

A structure in which a business owner allows another operator to trade under their name is called a?

a)

Limited company

b)

Franchise

c)

Cooperative

d)

Partnership

5.

Business that aims to improve human or environmental well-being, is known as a?

a)

Social enterprise

b)

Public limited company

c)

Private limited company

d)

Multinational

6.

Name an organisation that gives money, goods or help to people who are poor, sick, or in need?

a)

Bank

b)

Supermarket

c)

Charity

d)

Venture capitalist

7.

Name a business which is owned by between 2 and 20 people?

a)

Sole trader

b)

Charity

c)

Partnership

d)

Sole proprietor

8.

A business that has separate legal identity from that of its owners is said to be?

a)

Incorporated

b)

Unincorporated

c)

Franchise

d)

Sole trader

9.

A business owned by one person is called?

a)

Partnership

b)

Public limited company

c)

Charity

d)

Sole trader

10.

Partnership where some partners contribute capital and enjoy a share of the profit but do not take part in the running of the business is known as a?

a)

Public limited company

b)

Partnership

c)

Private limited company

d)

Limited partnership

11.

Cooperative that is owned by its employees is called a?

a)

Consumer cooperative

b)

Retail cooperative

c)

Worker cooperative

d)

Franchise

12.

What is the term given to a specialist investor (individual or company) who provide money for business purposes, often to new businesses?

a)

Venture capitalist

b)

Lottery winner

c)

Shareholder

d)

Finance director

13.

What do you call it to make a legal claim against someone, especially for money, because they have harmed you in some way?

a)

Justice

b)

Hope

c)

Sue

d)

Compensation

14.

What is the name of the document needed before a new company can start doing business?

a)

Certificate to trade

b)

Trade license

c)

Certificate of incorporation

d)

Prospectus

15.

A place where shares of PLCs are traded is called a?

a)

Flea market

b)

Supermarket

c)

Marketplace

d)

Stock market

16.

What do you call the process of a company ‘going public’?

a)

Prospectus

b)

Flotation

c)

Share issue

d)

Multinationalism

17.

The name of a large business with significant production or service operations in at least two different countries is known as a?

a)

Partnership

b)

Social enterprise

c)

Limited company

d)

Multinational company

18.

In the UK, a limited company whose shares are freely sold and traded on a stock market is known as a?

a)

Limited company

b)

Public corporation

c)

Social enterprise

d)

Public limited company (PLC)

19.

What is the name given to the transfer of public sector resources to the private sector (business)?

a)

Merger

b)

Privatisation

c)

Monopoly

d)

Liquidation

20.

What is the name give to the basic systems and structures that a country or organisation needs in order to work properly?

a)

Infrastructure

b)

Deregulation

c)

Accountability

d)

Legal controls