Business Ch. 4 - Types of business organisation
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Business
10th - 11th Grade
Used 5+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Having __________ liability means that the owners of a business must pay all the debts of the business.
private
limited
public
unlimited
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A ______ limited company can only sell shares to family and friends
public
private
government
corporate
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A ______ has owners called shareholders
limited company
partnership
public owned business
government owned business
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A ______business has one owner
sole trader
joint venture
partnership
public-limited
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
An ______ business does have a separate legal identity from the owners.
unlimited
insolvent
incorporated
unincorporated
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A sole trader business can only have one employee
True
False
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A partnership does not have to have a partnership agreement
True
False
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