Private Limited Companies - Advantages & Disadvantages
Business Ownership

Quiz
•
Business
•
11th Grade
•
Medium
Mrs Morel
Used 23+ times
FREE Resource
9 questions
Show all answers
1.
CLASSIFICATION QUESTION
3 mins • 1 pt
Groups:
(a) Advantages
,
(b) Disadvantages
Sale of share is restricted - limits amount of capital that can be raised
Financial info available to public
Limited liability
More complex to set up - must register with Companies House
Banks often more prepared to lend money
Shareholders may expect a dividend - can cause conflict
No chance of takeover without shareholder agreement
2.
CLASSIFICATION QUESTION
3 mins • 1 pt
Public Limited Companies - Advantages & Disadvantages
Groups:
(a) Advantages
,
(b) Disadvantages
Enhanced public profile and brand recognition
More complex & expensive to set up - must have £50,000 shares as a minimum
Banks often more prepared to lend money
Risk of dilution of ownership
No control over who buys shares - risk of hostile takeover
Limited liability
As shares can be sold to the public, more capital can be raised
Financial info available to public
Pressure to improve profits
Opportunity for employees to own shares - can increase motivation
3.
MATCH QUESTION
1 min • 5 pts
Match the following
unlimited liability
the responsibility for the debts of a business rests with the owners
capital
the money raised to start or develop a business
shareholders
the responsibility for the debts of a business is limited to the amount invested by a shareholder
dividend
the money paid to a shareholder from the profits of a limited company
limited liability
the owners of a private or public limited company
4.
DROPDOWN QUESTION
1 min • 1 pt
Limited liability is where the responsibility for (a) of a business is limited to the amount invested by a (b) . This is a feature of private and (c) limited companies. (d) liability is where all responsibility for the debts of a business rests with the (e) of the business. A feature of sole traders and partnerships.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sole trader can:
only employ one person
employ as many people as the owner wishes
only employ workers where other workers agree
not employ workers because it is a sole trader working on their own
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
A partnership has:
a maximum of 20 partners
a maximum of 2 partners
a minimum of 20 partners
a minimum of 2 partners
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
A private limited company:
is easier to set up than a plc
is just as difficult to set up as a plc
always has one main shareholder
can sell shares to anyone with the agreement of the main shareholder
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A public limited company:
must have a minimum of £500,000 share capital
must have a minimum of £50,000 share capital
must have a maximum of £50,000 share capital
has no minimum share capital
9.
DROPDOWN QUESTION
1 min • 5 pts
(a) have one owner, are very easy to set up and can make (b) quickly because there is only one owner. Like partnerships, sole traders have (c) liability, which means they are personally responsible for all of the (d) of a business. A partnership would normally have a deed of partnership which sets out the duties of the partners and the amount of (e) they put into the business.
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