Business organisations

Business organisations

8th Grade

12 Qs

quiz-placeholder

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Business organisations

Business organisations

Assessment

Quiz

Business, Education

8th Grade

Practice Problem

Hard

Created by

Fathimath Ibrahim

Used 90+ times

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12 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Sole trader businesses are owned and managed by...

2 to 20 people

1 person

Multiple owners

Partners

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are of the the 5 main types of businesses in the private sector

Public Limited Company

Partnership

Co-operatives

Private Limited companies

Local councils

3.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

• Sole trader business have ....................- if the business cannot pay its debts, the creditors can force the sole trader to sell the private possessions and pay them back.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not in the contents of the partnership agreement

The amount of capital invested in the business by both partner.

The way in which the profits would be shared out

Number of family members and relatives the partners look after

How long the partnership would last

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following are advantages of a Public limited company

There is no restriction on the buying and selling or transfers of shares.

All shareholders have limited liability.

There is large opportunity to raise very large capital sum in the business.

Not a seperate legal entity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following businesses is likely to have the most amount of capital

Partnership

Public limited Company

Sole trader

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following is not a disadvantage of Private Limited Companies

Unlimited Liability

The company cannot offer shares to the general public

Seperate legal entity

Legal formalities to start up

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