Economic and Legal Structures -Management of Business

A firm offering management services to its customers would be regarded as what level of business activity?

• Primary

• Tertiary

• Temporary

• Secondary

Which of the following would NOT be regarded as a private sector organisation?

• Franchise

• Public limited company

• Public corporation

• Partnership

Which business organisation has a feature separate legal identity?

• Sole trader

• Company

• Partnership

• Franchise

Burger King in the Caribbean would be best described as a

• Sole trader

• Public corporation

• Franchise

• Cooperative

The process of government taking over enterprises that were in the private sector is known as:

• Globalisation

• Privatisation

• Liberalisation

• Nationalisation

The following are reasons for nationalisation EXCEPT which one?

• To offer social benefits

• To crowd out investors

• To protect consumers

• To provide certain goods and services

Which of the following is NOT a type of cooperative?

• Worker cooperative

• Owner cooperative

• Producer cooperative

• Consumer cooperative

The government may privatise public corporations for the following reasons EXCEPT which one?

• To generate much-needed income

• To improve efficiency

• To lay off workers

• To encourage competition

The change of ownership of a firm from government to private individuals.

• Direct sale

• Privatisation

• Not for profit organisation

• Non-governmental organisation

Massy Group of Companies is an example of a

• Franchise

• Private limited company

• Conglomerate

• Holding Company