BUSINESS STRUCTURE

BUSINESS STRUCTURE

University

15 Qs

quiz-placeholder

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BUSINESS STRUCTURE

BUSINESS STRUCTURE

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Muhammad Azim bin Zainal Alam

Used 2+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the growing importance of the secondary sector manufacturing industries in developing countries?

Globalisation

Industrialisation

Privatisation

Deindustrialisation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main advantage of a sole proprietorship business structure?

Owner keeps all profits

Ability to raise capital easily

Shared decision making

Limited liability

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy is characterized by a central government making all economic decisions?

Free Market Economy

Command Economy

Traditional Economy

Mixed Market Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main disadvantage of a partnership business structure?

Faster decision making

Profits have to be shared

Risk of unlimited liability

Difficult to raise capital

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the legal structure of business organisations where shareholders have limited liability?

Cooperatives

Limited Companies

Partnerships

Sole Proprietorship

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business operates in more than one country?

International businesses

Local businesses

National businesses

Franchises

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main advantage of a public limited company (PLC)?

Shareholders have limited liability

Ease of buying and selling shares

Legal formalities in formation

Cost of business consultants

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