
S3 Business Management
Authored by Christopher Nairn
Computers
University
Used 26+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Sole Trader has limited liability.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A partnership is a business owned by between 1 and 20 people.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The letters "LTD" indicate that a business is which type of business?
Public Limited Company
Public Corporation
Private Limited Company
Partnership Limited Company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The franchisee is the person who wants to create a franchise business.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A charity operates in the Public Sector of the Economy.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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