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G9 Entrepreneurship - Sloan Flashcards | StudBud
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G9 Entrepreneurship - Sloan
G9 Entrepreneurship - Sloan
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StudBud Administration
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Business Ownership IGCSE Business Studies
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
How can individual shareholders of a PLC formally voice their opinions?
They Can't
Attending an Annual General Meeting
Sending an email to the board of directors
Open letter to a newspaper
2
What is the definition of a sole trader?
Any small business
A business run by an individual
A business run by 2 or more people
A business funded by grants
3
What is the definition of Market Capitalisation?
Total number of shares within a given market
Value of all of a business' shares; all shares x sale price
Value of all a business' shares; shares x current price
The maximum amount of shares sold by a business
4
Do partners have more financial liability protection than sole traders?
No
Yes
5
True or False: The franchisee doesn't have to pay a royalty if a loss is made
False
True
6
How can members of the public buy shares in a Private Limited Company?
Their Bank
The London Stock Exchange
They Can't
eBay
7
True/False - Shareholders of LTDs aren't liable to repay any funds if the company enters debt
False
True
8
Which two of these are an advantage of a franchise?
Ongoing support from the franchisor
Cheaper than setting up a business by yourself
Established customer base & loyalty
Free equipment and inventory from the franchisor
9
If Bob is a sole trader and has debt, what protection does he have for his personal assets?
His sales will compensate for the debt
His house insurance will cover it
None; Bob has unlimited liability
The bank will buy his debt out
10
How are partnerships formally established?
Bank Document
'The Articles of Association' Agreement
Contract of Employment
It's not formally established
