Business studies Chapter 17
Understanding Business Structures Quiz
Test your knowledge of key business concepts with our engaging quiz focused on Chapter 17 of Business Studies. This quiz covers essential topics including sole traders, private limited companies, privatisation, and franchising.
- Evaluate your understanding of business ownership
- Learn about different business structures
- Gain insights into privatisation and franchising
What is a sole trader?
A sole trader business is owned and run by an individual
A sole trader is a business that is owned by the government
A sole trader is owned by the organisation
A sole trader is a business that is owned by between one and 149 shareholders
What is a private limited company?
A private limited company is a business whose shares can be traded on the stock exchange and bought and sold by members of the public
A private limited company is a business that is owned by between one and 149 shareholders
A private limited company is a business that controls the supply of good or services with no competition
A private limited company is a business that is owned by a large organisation
What is meant by privatisation
Privatisation is the sale of a company to the public
Privatisation is the sale of a private limited company to the private sector
Privatisation is an agreement between the individual and the company
Privatisation is the sale of a state-sponsored body to the private sector
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