Franchise
1.2 Business structure Quizs

Quiz
•
Business
•
12th Grade
•
Hard
Quizizz Content
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business model where a company (franchisor) allows individuals (franchisees) to operate a business using its brand and system.
A type of business that operates independently without any brand affiliation.
A legal agreement that prohibits the use of a company's brand.
A method of selling products directly to consumers without intermediaries.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unlimited Liability
A legal obligation on the owner of a business to settle all debts incurred by the business, meaning personal assets can be used.
A type of business structure where the owner's liability is limited to their investment in the business.
A legal requirement for businesses to have insurance against potential losses.
A financial term that refers to the ability to borrow money without restrictions.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Merit Goods
Goods that are over-consumed in a free market.
Goods or services that are deemed beneficial for individuals and society, which are often under-consumed if left to the free market.
Goods that are only beneficial for the wealthy.
Goods that are provided for free by the government.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Privatisation
The transfer of ownership of a business, enterprise, or public service from the government to private individuals or organizations.
The process of increasing government control over private enterprises.
The act of selling government assets to foreign investors.
The regulation of private businesses by the government.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Company
A type of organization that operates for profit and has shareholders.
A business organisation which has its own legal identity and which has limited liability.
An informal group of individuals working together for a common goal.
A non-profit organization that does not distribute its surplus funds to owners or shareholders.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limited Liability
A legal structure where a company's owners are not personally liable for the company's debts beyond their investment.
A type of insurance that protects business owners from personal losses.
A financial strategy to maximize profits by minimizing expenses.
A legal requirement for all businesses to register with the government.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Shareholders
Individuals or entities that own shares in a company and are entitled to a portion of the profits.
People who manage the day-to-day operations of a company.
Individuals who lend money to a company in exchange for interest.
Entities that provide services to a company without owning any shares.
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nationalisation
The process of transferring ownership of a business or public service from private to state ownership.
The process of selling state-owned enterprises to private investors.
The process of regulating private businesses by the government.
The process of merging two or more companies into one.
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