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WorksheetsBussiness Owner and Support System
Total questions: 5
Worksheet time: 3mins
1. What is a main risk of running a sole proprietorship?
The owner is personally responsible for all business losses
Profits must be shared with multiple owners
The business is controlled by shareholders
The government covers all business debts
2. Which statement best describes a partnership?
A business owned by two or more people who share work, profits, and risks
A business owned by one person who keeps all profits
A company owned by shareholders and traded publicly
A non-profit organisation run by volunteers
3. In which business type can up to 50 people own the company?
Sole Proprietorship
Partnership
Private Limited Company
Public Limited Company
4. Why might a Public Limited Company raise money more easily than other types?
Sole Proprietorship
Private Limited Company
Public Limited Company
Partnership
5. Which type of business is most suitable for someone who wants complete control and keeps all the profits?
Sole Proprietorship
Partnership
Private Limited Company
Public Limited Company
