1. What is a franchise?
- Any individual can buy a branch of a ready made firm.
- A Multi national company
- A ready made firm gives a small firm money to sell their goods.
- A type of company with unlimited liability
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2. What is a Sole Trader?
- A business owned by one person
- A business owned by 2 or more people
- A limited liability firm
- A person who owns a firm
3. What does LTD stand for?
- A unlimited liability
- Private Limited Company
- Limited Liability company
- Public Limited company
4. What is a Public Sector Organisation?
- A firm in which shares are privately sold
- A business the government used to own.
- A firm owned and run by the government
- A company in which shares are sold on the stock market
5. What is a Cooperative?
- A fair trade business
- A type of firm founded in the 1850's
- A business owned and run by people with shared interests.
- A firm owned by 2 or more people
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