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Question 1

A sole trader has limited responsibility

Accepted Answer

False

Question 2

The organisation shown in the picture has a divisional structure

Accepted Answer

False

Question 3

The level of capital investment is not used for define the businesses&#x27; size

Accepted Answer

False

Question 4

In a cooperative, profits are shared according to the members' investment levels.

Accepted Answer

False

Question 5

This production factor considers the manual and skilled workforce

Accepted Answer

Labour

Question 6

One of the following is not an internal stakeholder

Accepted Answer

Suppliers

Question 7

Innovation is not part of the businesses' purposes, instead obtain profits it is.

Accepted Answer

False

Question 8

The unions are not stakeholders

Accepted Answer

False

Question 9

One of the following is not used for determine the size of a business

Accepted Answer

The number of branches

Question 10

One of the following is not an internal stakeholder

Accepted Answer

Customers

Question 11

A business just operates transforming raw materials to satisfy customers need.

Accepted Answer

False

Question 12

Some of the following options are not advantages of set-up a business as a sole-trader

Accepted Answer

It makes easy to raise capital, Unlimited liability

Question 13

An enterprise is a business venture started and managed by someone who assume the financial risk of that project.

Accepted Answer

True

Question 14

What kind of business structure does correspond to the following image?

Accepted Answer

Divisional

Question 15

The main difference between a Public Limited Company (PLC)and a Private Limited Company(LTD) is

Accepted Answer

The PLC is listed in the stock exchange and the LTD is not

Question 16

In a general partnership, also known just as "partnership", its members have limited liability

Accepted Answer

False

Question 17

Capital is defined exclusively by financial resources and does not consider the goods needed for operating any business

Accepted Answer

False

Question 18

One of the advantage of legally set-up a business as a franchise is

Accepted Answer

Franchise is not a form of legal ownership

Question 19

A public-sector enterprise is funded exclusively by private investors

Accepted Answer

False

Question 20

The production factor known as "land" comprehends exclusively land(soil) and, it does not consider the natural resources

Accepted Answer

False

Question 21

What kind of business structure does correspond to the following image?

Accepted Answer

Functional

Question 22

Select the options that do not correspond to characteristics of a Private Limited Company

Accepted Answer

Must by law has at least £50,000 in share capital to set up, Shareholders have unlimited responsibility, Are also known as PLCs, Shareholders keep a relatively few control of the business

Question 23

The number of employees is used for defining the size of any business

Accepted Answer

True

Question 24

One of the advantages of a partnership is that the partners can issue shares

Accepted Answer

False

Question 25

One of the following is not a form of business legal organization

Accepted Answer

Holding

Question 26

A stakeholder can affect the performance of the business, but cannot be affected by the business performance

Accepted Answer

False

Question 27

has as a main purpose is to create and keep customers, and it only has two central functions - marketing and innovation

Accepted Answer

A business

Question 28

is an organization that uses resources to meet the needs of customers by providing a product or service

Accepted Answer

A business

Question 29

The production factors are?

Accepted Answer

Land, labour, capital, enterprise

Question 30

The Government is not a stakeholder

Accepted Answer

False

Question 31

What of the following is/are not advantage(s) of the Private Limited Companies(LTDs)

Accepted Answer

The shareholders have unlimited liability, It is easier to be set-up than a partnership

Learn business playing

Questions 31

Learn business playing

Questions 31