What are the two main types of limited companies?
Business Ownership Quiz

Quiz
•
Business
•
9th - 12th Grade
•
Medium
Seanette Diaz
Used 1+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Private and Public
Shareholders
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ______ is a business owned and managed by two or more people.
Franchiser
Joint Venture
Partnership
Mr. Dinler
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the main advantages of a sole trader?
Complete Control
fun and enjoyable
Keeps the profit
gets boring
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ordinary shareholders are the owners of the company.
False
Maybe
True
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ______ is a business owned and managed by one person.
Franchiser
Sole Trader
CEO
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One advantage of a sole trader is ‘the business can often be set up with a small amount of money of _________.
Stonks
Start-up Capital
Liability
Kenya
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is one of the disadvantages of a partnership?
Share the profits
Shares the profit
Shared decision making
Easy to set up a deed of partnership
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which four statements about the disadvantages of a sole trader are true?
Unlimited liability
May not be able to raise funds
Typing Skills(INCORRECT) -> Business skills(Correct)
QR Code
9.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
A _____________ benefits two or more business to work closely together on a business opportunity. (NO CAPS)
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