Topic 1.2: Refresh Your Knowledge

Topic 1.2: Refresh Your Knowledge

University

25 Qs

quiz-placeholder

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Topic 1.2: Refresh Your Knowledge

Topic 1.2: Refresh Your Knowledge

Assessment

Quiz

Business

University

Medium

Created by

norashikin hassan

Used 1+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The group with overall responsibility for the day-to-day running of a limited liability company is known as the Board of Directors.

TRUE

FALSE

NO IDEA

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A common feature of the commercial (for-profit) businesses is the aim to generate profit.

TRUE

FALSE

NO IDEA

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Social enterprises, including cooperatives and non-governmental organisations, operate in the public sector of the economy.

TRUE

FALSE

NO IDEA

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sole traders do not have to work alone and can employ as many employees as needed.

TRUE

FALSE

NO IDEA

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unlimited liability is an advantage of being a sole trader.

TRUE

FALSE

NO IDEA

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses owned and run by the government operated in the public sector.

TRUE

FALSE

NO IDEA

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Partnerships provide the opportunity for all owners to have limited liability.

TRUE

FALSE

NO IDEA

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