IGCSE Business Studies types of ownership quiz

A quiz based on business ownership (chapters 3 and 4).

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  • Created by: Nut
  • Created on: 13-03-13 13:05

1. What is one disadvantage that is shared with both sole traders and partnerships?

  • Business dies with the owner
  • Unlimited liability
  • Long hours of work
  • Profit is shared between partners
  • Possibility of conflicts
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Other questions in this quiz

2. What is one advantage that is shared with both sole traders and partnerships?

  • Owner has complete control
  • Easy to set up
  • Can adapt to change easily
  • All profit is kept by the owner
  • Work is shared between partners

3. What is the special term given to people who bought a franchise from a franchisor?

  • Franchisee
  • Sole traders
  • Partnerships
  • Private limited company
  • Public limited company

4. What is a type of business with only one owner?

  • Private limited company
  • Franchise
  • Partnership
  • Sole trader
  • Public limited company

5. What is one of the advantage of a public limited company?

  • Easy to set up
  • Financial details are private
  • All profit is kept by the owner
  • Can raise finance easily
  • Owner has full control

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