WorksheetsTypes of Firms
Total questions: 20
Worksheet time: 2hrs 40mins
What does this mean?
(equity base: vốn sở hữu)
(a)
What is the simple difference between a public and private limited company?
A public limited company is public and a private limited company is private.
There are no differences.
The public limited company can quote shares in a stock exchange while a private limited company cannot.
One does not deal with shares while the other does.
Franchiser owns the brand
True
False
A father who wants to take his son into the business with him should form this type of business.
Sole Proprietorship
Partnership
Corporation
Partnership requires at least three people
True
False
Business owned by shareholders is
Partnership
Sole proprietorship
Corporation
Franchise
A group of people who jointly oversee the activities of a corporation
Employees
Board of Directors
Volunteers
None of the above
Franchisors usually provide all of the listed items except....
Advertising
Training
Loan
Equipment
Google, Amazon, and Facebook are examples of...
Sole Proprietorships
Partnerships
Corporations
One disadvantage of a joint venture is
Low cost
Both businesses does not agree in decision making
Both businesses will bring more knowledge and skills into the new project
What are the owners of private and public limited companies called?
Stakeholders
Managers
Board of directors
Shareholders
Which legal structure would an individual wishing to start-up a small business choose because it is quick, easy and inexpensive to set up?
Sole trader
Partnership
LTD
PLC
A private limited company may change into a public limited company because it wants:
Limited liability
To raise additional finance
Unlimited liability
To avoid takeover
-Unlimited Personal Liability
-No separation between owners and business
Which of the following is the disadvantage of the franchisor?
May loose local variety and choice
Regular payments to franchisor
looses Independence in running the business
if badly run, the brand will suffer
What does this mean?
(a)
