WorksheetsHort: Business Structures & Organisational Policies
Total questions: 9
Worksheet time: 5mins
What is the main characteristic of a sole trader?
The business owner is responsible for all debt
The business owner is protected from personal liability
The business owner shares ownership with other individuals
The business owner is not involved in day-to-day operations
How many partners can be involved in a partnership?
Up to 5 partners
Up to 10 partners
Up to 20 partners
Unlimited number of partners
What is the main advantage of a limited liability company?
Owners have unlimited liability for the company's debts
Owners have limited liability and their personal wealth is protected
Owners have no financial requirements
Owners have complete control over the company's operations
Which type of business structure involves several locations sharing a brand?
Sole Trader
Partnership
Limited Liability Company
Chain
What is a franchisee responsible for?
Providing the business model and brand
Running the day-to-day operations of the business
Paying royalties to the franchisor
Managing the central management of the franchise
What do policies in an organization communicate?
The organization's plan for tackling an issue
The organization's financial goals
The organization's marketing strategies
The organization's employee benefits
Which type of policy focuses on ensuring a safe working environment?
Health and Safety
Complaints
Dress Code
Use of Social Media
What does a dress code policy regulate?
Employee attendance
Store presentation
Professional standards
Employee attire
What does a use of social media policy govern?
Employee use of social media during work hours
Employee complaints about the organization
Employee dress code
Employee attendance
