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WorksheetsGr9_T1_Checkpoint2
Total questions: 16
Worksheet time: 8mins
What is a sole trader?
A non-profit organization
A business owned and run by one individual
A business owned and run by the government
A business owned by two or more people
Which of the following is an advantage of being a sole trader?
Profit is all yours.
Limited liability
Too much work
No help from partners.
Two friends, Sultan and Nasser, plan to start a bakery together. Both invested 50% of the capital required. They will share the work and the profit. What type of business structure is this?
Joint venture
What is a partnership?
A business owned by one person
A business owned by shareholders
A business owned by the government
A business owned by two or more people
Sultan and Nasser are partners in a bakery. Sultan decides to take on a loan (قرض) for the business without informing Nasser. Under a partnership contract, who is liable for the debt (من المسؤول عن القرض)?
Sultan
The bank
Both Sultan and Nasser
Nasser
Sultan and Nasser are facing a big conflict over the best way to expand the business. Is this ........................................of a partnership.
advantage
disadvantage
What does "unlimited liability"(مسؤولية غير محدودة) mean for business owners?
Owners are not responsible for business debts.
Business owners can only lose their business assets.
Owner is responsible for all business debts, he may lose his house...
The bank is responsible for business debts.
MacDonalds is a franchise. The best definition of a franchise is......
A public sector business.
A partnership between two parties to share profits.
when an existing business allows another business to use its name, logo, and products
A form of government business.
Franchises are popular in..........industry.
education
The business who sells the brand name, logo, and idea is called.......
seller
franchisee
franchisor
McDonalds UAE is an example of .........
franchisor
a sole trader
franchisee
a government entity
The main benefit of a franchise is..........
high level of complains
high risk
guaranteed sales
high cost of buying the franchise
Sultan decided to buy Hardee's franchise, the main advantage he will enjoy is........
lack of flexibility in decision-making
limited control over business operations
sharing profits with franchisor
good reputation which guarantees the sales
An example of a joint venture is.......
Bose (sound systems) and Audi.
KFC
MacDonalds
Pizza Hut
The main benefit of Google and Nasa in Google Earth joint venture is.................
conflicts
shared profits
high competition
shared expertise
Management conflicts are a possible disadvantage of a joint venture.
True
False
