stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Business Ownership Flashcards | StudBud
Explore
/
Business Ownership
Business Ownership
10 terms
·
StudBud Administration
·
4,128 plays
Types of Business Ownership
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
These are owned by shareholders
Partnership
Sole Trader
Public Limited Company
2
This type of business is owned by 2 or more people (2-20)
Sole Trader
Public Limited Company
Private Limited Company
Partnership
3
This type of business is incorporated
Partnership
Public Limited Company
Sole Trader
4
This type of business is owned by one person
Public Limited Company (PLC)
Sole Trader
Partnership
Private Limited Company (LTD)
5
This type of business is the simplest and the easiest to start
Public Limited Company
Non-profit organisation
Sole Trader
Private Limited Company
6
People who own parts of a limited business are called......
Customers
Consumers
Shareholders
Local council
7
The business is financially responsible for any debt.....
Non-profit Organisation
Limited Liability
Unlimited Liability
Conflict
8
An advantage of a Public Limited Company is......
Easy to set up
Limited Liability
Unlimited Liability
9
This type of business trades share on the stock market
Private Limited Company
Partnership
Sole Trader
Public Limited Company
10
Full financial and legal responsibility for a business is called....
Limited Liability
Shared Expertise
Conflict
Unlimited Liability
