Exploring Types of Organisations

Which of the following is a characteristic of a public sector organisation in the UK?

• Owned by private individuals

• Funded and controlled by the government

• Operates solely for profit

• Has unlimited liability

A sole trader is best described as:

• A business owned by shareholders

• A business owned and run by one individual

• A partnership between two companies

• A government-owned entity

Which type of organisation is most likely to have 'Ltd' at the end of its name in the UK?

• Public limited company

• Private limited company

• Partnership

• Sole trader

A charity in Great Britain is an example of which type of organisation?

• Not-for-profit

• Public sector

• Sole trader

• Franchise

Which of the following is a key feature of a partnership?

• Shares traded on the stock exchange

• Owned by two or more people

• Unlimited liability for shareholders

• Funded by the government

Which type of organisation is Tesco PLC?

• Sole trader

• Public limited company

• Private limited company

• Partnership

Which of the following is NOT a feature of a public limited company (PLC)?

• Shares can be bought and sold by the public

• Must have at least £50,000 of share capital

• Owned by the government

• Limited liability for shareholders

A franchise is best described as:

• A business owned by the government

• A business model where individuals buy the rights to operate under an established brand

• A partnership between two public limited companies

• A not-for-profit organisation

Which of the following organisations is most likely to have unlimited liability?

• Sole trader

• Public limited company

• Private limited company

• Charity

Which type of organisation is most likely to be run by a board of trustees?

• Sole trader

• Charity

• Partnership

• Franchise