Business Ownership (9-1 GCSE)

Business Ownership (9-1 GCSE)

8th - 11th Grade

10 Qs

quiz-placeholder

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Business Ownership (9-1 GCSE)

Business Ownership (9-1 GCSE)

Assessment

Quiz

Business

8th - 11th Grade

Medium

Created by

A Moir

Used 594+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A sole proprietor has to share the profits made by the business. True or False?

True

False

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select TWO true statements that relate to a sole trader.

Sole traders have limited liability

Sole traders get to make all their own decisions about the business

Sole traders may find it harder to raise funds for the business

Sole traders usually get more holidays than partners or directors

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why may an entrepreneur prefer to set up a business as a partnership?

The entrepreneur would get to make all the decisions

They entrepreneur would get to keep all the profit

The business would benefit from a greater range of skills and knowledge

The business would make more money quicker

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Partnerships are set up by....

One person

Two or more people

Ten or more people

Twenty or more people

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following are types of limited company? (Select 2 answers)

Personal

Private

Public

Premier

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A limited company is owned by

Shareholders

Stakeholders

Directors

Employees

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A sole trader is responsible for all the debts of the business. True or False?

True

False

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