Access2HE - D1 Business Structures

Quiz
•
Business
•
University
•
Medium
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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