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WorksheetsForms of Business Organisations
Total questions: 11
Worksheet time: 19mins
The form of business operated by two (2) or more persons
Sole trader
Public limited company
Partnership
Private limited company
The business is owned and operated by one (1) person
Proprietorship
Sole Proprietorship
Sole Proprietorship
Soul Proprietorship
Some owners have unlimited liability
Sole trader
Partnership
Business
Organisation
Which of the following images represent a Sole Trader business?
One advantage of a Co-operative business is that members work for themselves and make shared decision.
True
False
There are ___ basic forms of business organisations.
8
4
5
3
Companies can be ________ or _________
Private, Public limited
Private, Public unlimited
Co-operative, Partnership
Individual, General
This type of company has a maximum of fifty (50) shareholders
Public Limited
Private Limited
Public Unlimited
Private Unlimited
The decision making process is slow for all the following forms of business organisations EXCEPT:
Companies
Partnerships
Co-operatives
Sole trader
Which of the following benefit from limited liability protection?
Sole trader
Partners in an ordinary partnership
Shareholders in a private limited company
Shareholders in a public limited company
The process of operating a business with the aim of making a profit
Owner
Entrepreneur
Entrepreneurship
Business man
