Types of business organisation
Authored by Alberto Carrera
Professional Development
12th Grade
Used 118+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sole trader always must work on their own.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sole traders are businesses less complicated to run.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this kind of business, one person can make all the decisions.
sole trader
partnership
private limited company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sole traders is an unincorporated business.
Yes
No
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the owners of a partnership take out a loan they responsible for the loan.
Yes
No
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Usually, partnerships have between...
2 and 20 partners
2 and 4 partners
more than 50 partners
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one has more financial risk?
a partnership
a sole trader
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