Business Plan and Business Structures Quiz

Business Plan and Business Structures Quiz

10th Grade

68 Qs

quiz-placeholder

Similar activities

IGCSE chemistry

IGCSE chemistry

2nd Grade - University

64 Qs

Business finance

Business finance

10th Grade

64 Qs

Customer Engagement class activity

Customer Engagement class activity

10th Grade

65 Qs

Econ Exam #2

Econ Exam #2

10th Grade

68 Qs

Review for Final Business Law

Review for Final Business Law

9th - 12th Grade

68 Qs

LO4 Operations Revision Quiz

LO4 Operations Revision Quiz

10th Grade

71 Qs

Unit 2 - GCSE Business Revision

Unit 2 - GCSE Business Revision

10th - 11th Grade

67 Qs

Careers PRE

Careers PRE

10th Grade - University

70 Qs

Business Plan and Business Structures Quiz

Business Plan and Business Structures Quiz

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

Sophie Fidge

Used 3+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

68 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of a business plan?

To outline the financial statements of a company

To provide a strategy for the marketing team

To guide the direction and objectives of a business

To record the minutes of business meetings

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are business plans important?

They are required for legal purposes

They help in securing investment and finance

They are used to recruit employees

They are necessary for customer service improvement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define sole trader:

A company with shares traded on the stock exchange

An individual running a business on their own

A partnership between two or more individuals

A large corporation with limited liability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define unlimited liability:

When a business's debts are limited to its investment

When a business's debts are the sole responsibility of its shareholders

When a business owner is personally responsible for all the debts of the business

When a business has no financial obligations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define limited liability:

When a business owner is responsible for all company debts

When a business's debts are limited to the amount invested by shareholders

When a business has an unlimited financial obligation

When a business is exempt from paying debts

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define partnership:

A business owned by a single individual

A business owned by shareholders

A business owned and operated by two or more individuals

A non-profit organization

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the benefits of being a sole trader?

Limited liability protection

Easy to raise capital

Complete control over business decisions

Tax benefits of a corporation

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?