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WorksheetsBusiness Organisations
Total questions: 37
Worksheet time: 19mins
Sole Traders are a group of people who set up, own and manage a business.
True
False
Which of these is an advantage of being a sole trader?
Unlimited Liability
Confidentiality of Accounts
Lack of capital
Stress
Which of these is a disadvantage of being a sole trader?
No continuity of existence
Keeps all profits
Easy to set up
All of the above
A partnership has how many partners?
2-40
1-129
2-20
2-200
Which of these is a disadvantage of a Partnership?
Easy to set up
More capital
More skills and expertise
Unlimited liability
Which of these is an advantage of a Partnership?
Easy to set up
More capital
More skills and expertise
All of the above
Private limited company has 1 - 129 owners.
True
False
Private Limited Company has...
1-129
1-149
1-30
none of the above
Having more shareholders means..
More captial
Workload is shared
More experience
All of the above
When setting up a Private limited Company a disadvantage is...
Complicated to set up
Lack of confidentiality
Legal Requirements
All of the above
When setting up a private limited company.. 'Constitution' sets out what?
Names of every single staff member
Times of AGM & EGM
Rules and Regs of running the company
DAC stands for..
Designated Action Company
Dual Activity Company
Design Activity Corp
Designated Activity Company
Form A1 has the following..
Companys name.
Details of directors.
Signatures of secretary and directors
All of the above
Registrar of companies is found at the ?
Companies Registration Office
Companies Retail Office
Certificate of incorporation means the company is now a legal body.
True
False
Public Limited Company is set up by at least _ shareholders.
7
9
10
3
PLC stands for..
Public Limited Company
Private Limited Company
Ryan air is an example of a PLC company.
True
False
Which of these is not an advantage of a PLC?
Limited liability
Less Tax
Very complicated to set up
High profile
Co - op is set up by min 7 owners. Which is not an advantage?
More capital
Democratic
Difficult to raise capital
Less tax
Which of these is not a state ownder enterprise?
Bus Eireann
Solas
ESB
Eir
IDA Ireland play a key role in attracting MNC's to Ireland.
True
False
This is when the government sells its state-owned enterprises, and lets ‘private’ entrepreneurs run them instead.
PLC
LTD
Privatisation
Alliance
Privatisation can lead to higher prices, poorer service for customers.
True
False
Supermac's is an example of Franchising.
True
False
Advantage of Franchise is..
Reduced risk
Advertising
All of the above
Economies of scale
Swatch is a ..
Alliance
Merger
Takeover
what are businesses set up, owned and managed by people based in Ireland?
MNC's
Indigenous Firms
Alliance
Joint Venture
Indigenous firms create thousands of jobs outside of Ireland which reduce unemployments and improves standard of living.
True
False
Some changing trends are seen in ownership and structure. Which of these is not one of them?
More Franchises
Increase in sole traders
State selling state owned business
More MNC's in ireland
Business might change their structure over time to raise more capital, lower risk and acquire new skills.
True
False
This is when the government sells its state-owned enterprises, and lets ‘private’ entrepreneurs run them instead.
Privatisation
Nationalisation
PLC
LTD
Privately-owned assets into public assets E.G Anglo Irish Bank
Privatisation
Nationalisation
Kerry Group is an example of a...
Sole Trader
PLC
Indigenous firm
None of the above
In Ireland – more Irish people setting up?
Sole Trader Companies
Franchises
MNC's
Mergers
Co - Op Business are very easy to set up.
True
False
Economies of scale would be a benefit of..
Partnership
LTD
Solde Trader
Franchise
