Private Sector Organisations
Authored by Stuarty Moran
Business, Education, Fun
10th - 11th Grade
Used 12+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
Which of the following would be involved in a Private Limited Company?
Shares are issued to the public
Owners are limited to 20 people
Shareholders are often family members
All of the options
2.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
Which of the following is a disadvantage to being a Private Limited Company?
Limited liability
Unlimited liability
Shares cannot be issued to the public
Limited to only 20 people
3.
FILL IN THE BLANK QUESTION
30 sec • 8 pts
When profits are shared between shareholders. This is called a ...................
4.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
An advantage of being a Private Limited Company is.....
Profits are not shared
Financial records must be published each year
Easier to raise money
Limited capital
5.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
An abbreviation for Private Limited Company is.....
PLC
LPC
LTD
Priv
6.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
A partnership can have between 2 and 30 partners!
TRUE
FALSE
7.
FILL IN THE BLANK QUESTION
30 sec • 5 pts
A loan from family and friends is a source of finance you would usually see from a ........ .............
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