S3 Business Management

A Sole Trader has limited liability.

• True
• False

A partnership is a business owned by between 1 and 20 people.

• True
• False

The letters "LTD" indicate that a business is which type of business?

• Public Limited Company
• Public Corporation
• Private Limited Company
• Partnership Limited Company

The franchisee is the person who wants to create a franchise business. 

• True
• False

A charity operates in the Public Sector of the Economy.

• True
• False

Which of the below is an example of an objective of a charity?

• To maximise profits
• To survive
• To become the market leader
• To raise awareness for a cause

A bank loan is . . .

• Free money from the bank which you do not have to pay back.
• Money from the government,
• A loan of money from the bank which you have to pay back with interest

A government grant does not need to be paid back.

• True
• False

A stakeholder is a person who is interested in the success of a business.

• True
• False

Which of the below are an internal stakeholder of Tesco?

• A competitor
• A supplier
• Employees
• The Government