National 5 BusMgt Business Types

Public sector organisations can be split into national government and local government.

• true

• false

Private sector organisations aim to make a profit>

• true
• false

Which business is owned and controlled by one person?

• Partnership
• Sole Trader
• Private Limited Company

Which business must invite people to buy shares?

• Public Limited Company
• Sole Trader
• Partnership
• Private Limited Company

A partnership can have how many partners?

• Between 2 and 10
• Between 2 and 20
• Between 2 and 100
• There is no limit

What is the term given to the money that a shareholder receives  as a return on their investment?

• Dividend
• Profit
• Revenue
• Sales

The letters ltd after a company name show it is what type of business?

• Private Limited Company
• Public Limited Company

Who runs a Private Limited Company?

• Shareholders
• Board of Directors
• Members of the public

When a business fails and the shareholders only lose their investment this is known as what?

• Limited Liability
• Unlimited Liability

Where to public sector organisations gain their finance from?

• Taxes
• Sales
• Donations
• Capital