Forms of Business Ownership Quiz

1

What are the advantages of a Sole Trader.

1

How many people are needed to form a partnership?

1

Which is an advantage of having a Limited company?

1

Sole Traders have ______________ liability

1

Partners can sign a _ - this shows how businesses will be run and how profit is shared. If there is no deed, _______.

1

Partnerships have ______________ Liability.

1

What are sleeping partners?

1

Sleeping Partners have _________________

1

Limited Companies are owned by at least__________ shareholders

1

With Private Limited Companies. Shares are sold_________who. They receive_ in return.

1

All shareholders have ________________ liability.

1

Each shareholder has some control of the business, they vote annually for____________________________.

1

What information is needed to register a company. (Limited Companies)

1

A limited companies accounts can be viewed by anyone

1

A memorandum of Association is ______________________________________________

1

Articles of Association is ______________________________________________

1

What does Unlimited liability mean

1

When a business has been registered at Companies House it will then receives a ____________________

1

A certificate of incorporation

1

A business owner decided not to offer any stocks for sale to the public. What type of corporation are they an example of?

A quiz on the forms of business ownership based on the Edexcel IGCSE Business Studies Syllabus

Forms of Business Ownership Quiz

What are the advantages of a Sole Trader.

How many people are needed to form a partnership?

Which is an advantage of having a Limited company?

Sole Traders have ______________ liability

Partners can sign a _______________ - this shows how businesses will be run and how profit is shared. If there is no deed, _____________________.

Partnerships have ______________ Liability.

What are sleeping partners?

Sleeping Partners have _________________

Limited Companies are owned by at least__________ shareholders

With Private Limited Companies. Shares are sold_________________________________who__________________________________. They receive___________ in return.

All shareholders have ________________ liability.

Each shareholder has some control of the business, they vote annually for____________________________.

What information is needed to register a company. (Limited Companies)

A limited companies accounts can be viewed by anyone

A memorandum of Association is ______________________________________________

Articles of Association is ______________________________________________

What does Unlimited liability mean

When a business has been registered at Companies House it will then receives a ____________________

A certificate of incorporation

A business owner decided not to offer any stocks for sale to the public. What type of corporation are they an example of?

Partners can sign a _ - this shows how businesses will be run and how profit is shared. If there is no deed, _______.

With Private Limited Companies. Shares are sold_________who. They receive_ in return.