L2 Types of Business Ownership
Authored by Megan Hulme
Business
10th - 11th Grade
Used 36+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following types of business ownership involves one exclusive owner of a business?
Public limited company
Partnership
Sole trader
Private limited company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following types of business ownership involves trading of shares on the stock market?
Franchise
Public limited company
Partnership
Private limited company
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a franchise business, the franchisor...
is the business selling the right to trade its product or service
has to give a percentage of profits to the franchisee
is the company or person buying the franchise
has restricted control over the business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a franchise business, the franchisee...
is the business selling the right to trade its product or service
gets to keep 100% of profits made
is the company or person buying the franchise
owns the business idea, product and system of operation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a business partnership, each partner shares responsibility for managing the company and its profits and losses.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A private limited company will have which of the following at the end of its name...
Plc
Lcp
Ptd
Ltd
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A public limited company will have which of the following at the end of its name...
Plc
Lid
Pub
Ltd
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