CCEA Yr 11 Business ownership

Question 1

Unlimited liability is an advantage for sole traders and partners

Accepted Answer

False

Question 2

A partnership will have a maximum of how many partners?

Accepted Answer

20

Question 3

A micro-business will have how many employees

Accepted Answer

1-9

Question 4

What is a PLC?

Accepted Answer

Public Limited Company

Question 5

The main aim of a private sector business is...

Accepted Answer

profit

Question 6

What is a LTD?

Accepted Answer

Private limited company

Question 7

Which one of the following can potentially raise more capital

Accepted Answer

Public Limited Company

Question 8

The government may encourage enterprise as...

Accepted Answer

It will encourage more spending in the economy, It will motivate others to start their own business, It will mean less unemployment and less JSA paid out, It means NI can compete internationally

Question 9

The four business resources are land, labour, capital and...

Accepted Answer

enterprise

Question 10

Who owns a company?

Accepted Answer

The Shareholders

Question 11

A company has unlimited liability

Accepted Answer

False

Question 12

Where can you buy shares for a plc?

Accepted Answer

The stock exchange

Question 13

A partnership needs a legal document put in place to avoid disputes. This is called...

Accepted Answer

A deed of partnership

Question 14

An entrepreneur should have this characterisitic

Accepted Answer

Innovation, Leadership, Risk-taking

Question 15

In a 2 mark definition question, how many sentences do you need?

Accepted Answer

2

CCEA Yr 11 Business ownership

Questions 15

CCEA Yr 11 Business ownership

Questions 15