Business Forms FDIP
Authored by Corinna Westley
Business
12th Grade
Used 1+ times
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10 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 2 pts
Which two types of business form mean that the owners of the business cannot lose their personal assets (often house and savings) should the business not be able to pay its debts?
Sole trader
Partnership
Community Interest Company
Public Limited Company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business means the owner works on their own, but sometimes has employees. The owner also does not enjoy limited liability.
Partnership
Private Limited Company
Sole trader
Public Limited Company
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This business form can sell shares to the public on a stock exchange and raise large amounts of finance this way.
Public sector organisation
Partnership
Private Limited Company
Public Limited Company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of business form doesn't enjoy limited liability, but capital can be invested by multiple people.
Sole trader
Private Limited Company
Partnership
Public Limited Company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These types of business forms have to file accounts with Companies house annually and have Articles of Association and Memorandum of Association.
Sole traders
Private Limited Companies
Partnerships
Small charitable groups
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which type of business form is often suited where groups of professionals such as doctors, lawyers or accountants are able to pool their expertise to provide a range of services.
Private Limited Companies
Partnerships
Public Limited Companies
Community interest Companies
7.
MULTIPLE SELECT QUESTION
45 sec • 2 pts
Which two types of business forms can raise finance through selling shares.
Private Limited Companies
Sole traders
Partnerships
Public Limited Companies
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