Business structures

Which of the following are types of limited companies?

• partnerships, private limited companies

• cooperatives, public limited companies

• private limited companies, public limited companies

• limited partnerships, public limited companies

What is the main advantage of being a sole trader?

• being able to make quick decisions

• having unlimited liability

• having limited liability

• having a limited capital to invest

Which type of business does not have limited liability?

• public limited company

• multinational

• general partnership

• limited partnership

Which one of these business owners has limited liability?

• sole trader

• general partner

• shareholder

• exporter

What is a partnership?

• Two people working together

• one person trading alone

• two or more individuals trading together

• a business owned by shareholders

Which of the following is not an advantage offered by a franchise?

• controlling of business decisions

• training to start the business

• a well-known brand

• a set marketing strategy

Why does a business benefit from growth?

• it will have more competition

• it will have more market power

• it will have more expenses

• it will cut down the number of business contacts

Compare private and public limited companies.

Describe the different forms of integration of companies.

Describe the impact that multinationals can have on the countries they operate in. Consider advantages and disadvantages for the host country.