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Types of Business Organisation Flashcards | StudBud
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Types of Business Organisation
An EGM is held...
A public limited company has...
Types of Business Organisation
10 terms
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StudBud Administration
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22 plays
A business terms quiz for QQI L5 in Ireland
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
A public limited company has...
A maximum of 149 shareholders
No limit to the number of shareholders
2
An EGM is held...
Only when needed
Every year
Twice a year
Every month
3
Is a public sector organisation generally set up to...
Provide a service to the public?
Make a profit?
4
Which ONE of the following is NOT a feature of a sole trader?
Sole trader is responsible for all business decisions
Capital investment is limited
Sole trader has unlimited liability
Sole trader must provide accounts annually to the CRO
5
What does LLP stand for?
Liability limited partnership
Limited leniency procedure
Low liability process
Limited liability partnership
6
Which ONE of the following is NOT an advantage of a franchise business?
Support provided re advertising, training & location
Recognised brand name
Established profitable business
Franchisee develops new products
7
What does DAC stand for?
Designated activity company
Defined activity company
Dictated action company
Defined action company
8
A company with ‘Ltd’ in its name is...
A public company
A private company
9
An AGM is held...
Twice a year
Once a year
10
Plc stands for...
Private liability company
Public limited company
Private limited company
Public liability company
