Sole Traders and Partnerships N5
Authored by P Power
Business
11th Grade
Used 1+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"Features" are...
ownership, control and objectives
ownership, control and finance
control, finance and objectives
ownership, control and liability
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Having to share the profits is an advantage of being in a partnership?
true
false
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A partnership has limited liability?
true
false
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sole traders and partnerships belong in the...
private sector
public sector
third sector
primary sector
5.
DROPDOWN QUESTION
1 min • 1 pt
A sole trader is owned by (a) , whereas a partnership is owned by (b) . Both a sole trader and a partnership can be finance by (c)
6.
DROPDOWN QUESTION
1 min • 1 pt
A partnership is owned by (a) whereas a private limited company is owned by (b) . A partnership is controlled by (c) whereas a private limited company is controlled by (d) .
7.
CATEGORIZE QUESTION
3 mins • 1 pt
Are these advantages of being a partnership or a private limited company?
Groups:
(a) Partnership
,
(b) Private Limited Company
there is limited liability
lots of finance can be raised by selling shares
workload can be shared
different areas of expertise can be brought in
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