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IGCSE Business Studies: Topics 4 & 5

Total questions: 17

Worksheet time: 17mins

Name
Class
Date
1.

(a)   is a business that is owned by one person.

2.

(a)   is a business that is jointly owned by two or more people.

3.

(a)   is when the liability of owners/shareholders is limited to the amount invested. Personal possessions are not at risk.

4.

An (a)   is a business with separate legal identify from its owners, e.g. a limited company.

5.

An (a)   is a business without separate legal identity from its owners, e.g. a sole trader or partnership.

6.

A (a)   limited company is a business owned by shareholders but it cannot sell shares to the public.

7.

A (a)   limited company is a business owned by shareholders but it can sell shares to the public and its shares are tradable on the Stock Exchange.

8.

(a)   are the owners of a limited company.

9.

(a)   are payments made to shareholders from the profits (after tax) of a company.

10.

A (a)   is a business that uses, under license, the brand name, logo and trading methods of an existing business. The franchisor sells the license; the franchisee buys the license.

11.

A (a)   is when two or more businesses start a new project together sharing capital, risks and profits.

12.

A (a)   is a business, in the public sector, that is owned and controlled by the state (government).

13.

(a)   are the aims or targets that a business works towards.

14.

(a)   is the total revenue of a business less total costs.

15.

(a)   is the proportion (%) of total market sales held by one brand or business.

16.

A (a)   is an organisation with profit, environmental and social objectives

17.

A (a)   is any person or group with a direct interest in the performance and activities of a business.