Access2HE - D1 Business Structures

Access2HE - D1 Business Structures

University

15 Qs

quiz-placeholder

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Access2HE - D1 Business Structures

Access2HE - D1 Business Structures

Assessment

Quiz

Business

University

Medium

Created by

Nico Smit

Used 2+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary source of UK company law?

Partnership Act 1980

Business Names Act 1985

Health and Safety Executive (HSE)

Companies Act 2006

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of business ownership has unlimited liability for debt and profit?

Limited liability company

Co-operative enterprise

Franchise

Sole trader

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the maximum number of partners allowed in a partnership?

20

10

40

30

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of business ownership has owners with limited liability for debts?

Limited liability company

Partnership

Franchise

Sole trader

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the minimum share capital required for a public limited company (plc)?

£100,000

£50,000

£10,000

£25,000

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of business ownership is managed by trustees?

Charity

Franchise

Sole trader

Limited liability company

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the main purpose of a charity's surplus?

To pay shareholders

To benefit the trustees

To comply with the law

To benefit the chosen cause

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