What is not an advantage for franchise?

Franchisor gives a share of profits to the franchisee

Which statement is the most correct?

Public sector is a government owned company

What is the disadvantage of a Public Limited Company?

Business must show its financial statements to the public

What is limited liability?

The owners have limited responsibility for debts

The disadvantage of partnerships are:

There might be disagreements between partners

The definition of a joint venture is:

Two business join to form a third business

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IGCSE Types of Business Organizations

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Questions 15

Answers

1
An example of a sole proprietorship
Mars Inc.
Apple Inc.
Greenpeace
Hair Salon
2
Unlimited liability is a good thing
False
True
3
Examples of Joint Venture
Carrefour
IBM
Ace Hardware
Hulu
4
Which business sells shares in the stock market?
Partnership
Sole proprietorship
Public limited company
Public Sector company
5
What is not an advantage for franchise?
Franchisor can promote brand internationally
Franchisor's brand might be famous
Franchisor gives a share of profits to the franchisee
Franchisor gives training on how to do business
6
An example of a franchise
Facebook
McDonald's
Bank Mandiri
Disney
7
Which statement is the most correct?
Private sector is a non-profit organization
Public sector is a company that is public limited
Private sector is a private intelligence group
Public sector is a government owned company
8
What is the disadvantage of a Public Limited Company?
Business must show its financial statements to the public
Business cannot borrow from banks
The Business is government owned and inefficient
Business has Unlimited Liability
9
What is limited liability?
The business has only limited ability to produce
The owners have limited responsibility for debts
The business is limited to certain business functions
The owners have limited ownership over the company
10
The advantages of a sole proprietorship is:
You keep all the profits
Controlled completely by a single person
All of the above
Easy to set up
11
A public limited company means it is a government owned business
True
False
12
The disadvantage of partnerships are:
There might be disagreements between partners
Finance has to be shared in public
The owner has to do most of the work alone
Very expensive and complicated to set up
13
An example of a public sector company
Facebook
Bank of Central Asia
University of Indonesia
Hair salon
14
An example of a Private Limited Company
Mars, Inc.
Google
Telkomsel
Microsoft
15
The definition of a joint venture is:
Two businesses sell the same product
A business purchases another business
Two business join to form a third business
Two businesses combine to become a bigger business

IGCSE Types of Business Organizations Flashcards | StudBud