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

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

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

Chap 17

Business Ownership Quiz

More Quizzes