Y11 BME Learning Check

Y11 BME Learning Check

11th Grade

20 Qs

quiz-placeholder

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Y11 BME Learning Check

Y11 BME Learning Check

Assessment

Quiz

Social Studies

11th Grade

Practice Problem

Medium

Created by

Ryan Jones

Used 4+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business structure offers limited liability to its owners?

a) Franchise

b) Partnership

c) Sole trader

d) Small proprietary company

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which business model involves operating under a licensed trademark and business system of an established brand?



  1. a) Small proprietary company

  1. b) Franchise

  1. c) Partnership

  1. d) Sole trader

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 

  1. Which section of a business plan explains the core idea behind the business, including products or services offered?

a) Mission statement

b) Vision statement

c) Business concept

d) Executive summary

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic, unique to a sole trader?

a) Mandatory annual audits

b) Requires multiple partners

c) Limited liability

d) Simple tax structure

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1.  

Which of the following best describes a small proprietary company?

a) Operates as a non-profit

b) Owned by one individual

c) Offers shares to the public

d) Private shareholding

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a partnership, how is profit typically shared?

a) Based on seniority

b) It's predetermined by a contract

c) Equally among all partners

d) Based on capital contribution

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key advantage of operating a franchise?

a) No need for a business plan

b) Unlimited liability

c) Complete control over branding

d) Established business model and support

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