IGCSE Business Studies types of ownership quiz
A quiz based on business ownership (chapters 3 and 4).
- Created by: Nut
- Created on: 13-03-13 13:05
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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