Business Structure Quiz

Exam Board: OCR

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1. Limited liability means

  • A firm is not very reliable
  • Owners can lose money that they have put in
  • A firm is limited as to what it can produce
  • The personal possesions of the owner are at risk
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Other questions in this quiz

2. Which of these businesses are most likely to be a sole trader?

  • D.D. Roberts and Partners
  • The Pet Shop
  • Argos
  • Tesco

3. Private Limited Companies can sell their shares on the Stock Exchange

  • True
  • False

4. Which of the following sources of finance are NOT avaliable to the sole trader...

  • Owners Capital
  • Overdraft
  • Share Capital
  • Bank Loan

5. Argos is a PLC

  • True
  • False

Comments

Judi

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I thought Private Limited Companies couldn't sell on the stock exchange as they arent listed on it as they don't sell to the gneral public. So isn't question 3 false?

Rory Byrne

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Some of your questions are incorect, for example, a sole trader can employ more than one employee, sole trader just means there is only one owner. Also Private Limited Companies (LTDs) cannot sell their shares on the stock market, that is a Public Limited Company (PLC). You need to fix this and if this is what you think, you had better get revising the right material.

cookie101

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questions are incorrect - a sole trader can have more than one employee

cookie101

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questions are incorrect - a sole trader can have more than one employee

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this is ****, please slit your grandmothers wrists

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F U C K YOU

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IM A TEACHER, GET FU CKED

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