QUIZ: Business Ownership

Which one is an LTD

• Tesco

• KFC

• Dyson

• McDonalds

What type of liability does a sole trader have

• Limited Liability

• Unlimited Liability

• yes

Two advantages of being a PLC

• New friends

• Limited Liability

• Threat of take over

• Easy to make money off of shares

Name one type of liability

• no liability

• shared liability

• unlimited liability

• bottomless liability

how many partners can you have in a partnership

• lots of friends

• 3000 exactly

• 2-20

• as many as you want

Name one example of a sole trader

• police man

• plumber

• astronaut

• McDonalds

What is the abbreviation for public limited company

• ABC

• PLC

• LTD

• INC

What is an example of a public limited company

• Amazon

• Burberry

• Just Eat

• Rolls Royce

Which one is a franchise

• 
• 
• 
• 

What is a disadvantage of a limited company

• shares help to raise capital

• expensive to set up

• you get rich

• have limits