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Worksheets

Forms of Business Organisations

Total questions: 11

Worksheet time: 19mins

Name
Class
Date
1.

The form of business operated by two (2) or more persons

a)

Sole trader

b)

Public limited company

c)

Partnership

d)

Private limited company

2.

The business is owned and operated by one (1) person

a)

Proprietorship

b)

Sole Proprietorship

c)

Sole Proprietorship

d)

Soul Proprietorship

3.

Some owners have unlimited liability

a)

Sole trader

b)

Partnership

c)

Business

d)

Organisation

4.

Which of the following images represent a Sole Trader business?

a)
b)
c)
d)
5.

One advantage of a Co-operative business is that members work for themselves and make shared decision.

a)

True

b)

False

6.

There are ___ basic forms of business organisations.

a)

8

b)

4

c)

5

d)

3

7.

Companies can be ________ or _________

a)

Private, Public limited 

b)

Private, Public unlimited 

c)

Co-operative,  Partnership

d)

Individual, General

8.

This type of company has a maximum of fifty (50) shareholders

a)

Public Limited

b)

Private Limited

c)

Public Unlimited

d)

Private Unlimited

9.

The decision making process is slow for all the following forms of business organisations EXCEPT:

a)

Companies

b)

Partnerships

c)

Co-operatives

d)

Sole trader

10.

Which of the following benefit from limited liability protection?

a)

Sole trader

b)

Partners in an ordinary partnership

c)

Shareholders in a private limited company

d)

Shareholders in a public limited company

11.

The process of operating a business with the aim of making a profit

a)

Owner

b)

Entrepreneur

c)

Entrepreneurship

d)

Business man