Chap 17

A visually appealing infographic showing different types of business structures like sole traders, private limited companies, and cooperatives, with icons representing capital and liability.

Business Ownership Quiz

Test your knowledge on the different forms of business ownership and key financial concepts with our engaging quiz!

  • Understand various business structures
  • Learn about limited and unlimited liability
  • Explore the roles of shareholders and AGMs
15 Questions4 MinutesCreated by LearningLeader92
A business owned and run by an individual is called
Sole trader
Solo trader
Solo business
Soul trader
Private limited company is owned by between
1 and 100 shareholders
1 and 15 shareholders
1 and 149 shareholders
1 and 150 shareholder
Money used to start a business is called
Expenditure
Loan
Capital
Currency
Companies set up for a specific purpose(e.g investment, insurance) is called
CLS
DAC
AGM
YMCA
_ means business owner's property can be seized to pay off debts
Limited liability
Unlimited liberty
Liability limited
Unlimited liability
A license agreement that allows a person to sell an existing business' goods/services
Franchise
Franchisee
Co-operative
Monopoly
Must hold an AGM(annual general meeting)
CLS
DAC
When an organisation controls the supply of a good/service with no competition
Co-operative
Franchise
Monopoly
Stock exchange
A business owned by its members and ran for a benefit
Co-operation
Cop-orative
Co-operative
Charity
Has limited liability
Private limited company
Public limited company
A business owned by government to ensure country isnt taken over by private business'
State-sponsored business
Public limited company
Cls
A business whose shares can be traded on stock exchange
Shareholder
General ledger
Stock market
Public limited compnay
Members of a ___ are people who want to buy/access its goods/services
Co-operative
Consumer-cooperation
Consumer co-operative
Consuming co-operative
The sale of a state sponsored body to the private sector
Privatation
Private sales
Privatisation
Private section
Companies can offer any services or goods
CRS
CLS
LCC
DAC
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