What is one key advantage of a sole trader?

1.2 Common business models and organisational structures Quiz

Quiz
•
Financial Education
•
12th Grade
•
Hard

Lenna Alexandre
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limited liability
Easy to set up
Shared responsibility
Access to more capital
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business structure allows shareholders to have limited liability?
Sole trader
Partnership
Private limited company
Franchise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a partnership, what is one disadvantage often encountered?
Full control
Shared profits
Limited liability
No legal formalities
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which organisational structure is characterised by a flat hierarchy?
Divisional
Functional
Matrix
Flat
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a primary feature of a public limited company (PLC)?
Shares not publicly traded
Unlimited liability
High regulatory requirements
Sole ownership
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business model involves a franchisor and franchisee?
Sole trader
Partnership
Corporation
Franchise
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key advantage for a franchisee?
Full operational freedom
Established brand recognition
No initial fees
Complete profit retention
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