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WorksheetsTypes of business organisation
Total questions: 10
Worksheet time: 5mins
________ is a business owned by one person.
Sole Trader
Partnership
Joint venture
Public limited company
From the following which is a disadvantages of being a sole trader?
few legal regulations
freedom to choose his own holidays
does not have to share these profits
Unlimited liability
From the following which is an unincorporated business?
Sole Trader
Private Limited Company
Public Limited Company
Unincorporated business means
Dose not have a separate legal identity from the owner
Not allowed to share profits
Having Limited Liability
From the following which is allowed to sell shares to public?
Private Limited Company
Public Limited Company
Sole Trader
Partnership Firm
________ are payments made to shareholders from the profits (after tax) of
a company.
Interests
Dividends
Salaries
Bonuses
A _______ is a business based upon the use of the brand names, promotional logos and trading methods of an existing successful business.
Sole Trade
Partnership
Franchise
Joint venture
Disadvantage to the franchisee from franchising business.
Franchisor pays for advertising
All supplies are obtained from a central source – the franchisor
Training for staff and management is provided by the franchisor
Less independence than with operating a non-franchised business
A __________ is where two or more businesses start
a new project together, sharing capital, risks and profits.
Parthenship
Joint Venture
Sole Trade
Public Limited Company
A __________ is a business in the public sector that is owned and controlled by the state.
private limited company
public limited company
sole trade
public corporation
