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GCSE Applied Business Ownership Quiz Flashcards | StudBud

Explore/GCSE Applied Business Ownership Quiz

Which of these describes a franchise?

What type of business can sell shares on the stock market?

GCSE Applied Business Ownership Quiz

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Questions 10

Answers

1
What type of business can sell shares on the stock market?
PLC
Charity
Partnership
Ltd
2
Which of these describes a franchise?
Selling your business to a franchisee
Buying the right to use a brand and business system
McDonalds
Business sold from franchisee to franchisor
3
Which of these describes a co-operative?
It is run by trustees
All shareholders get one vote each
It must have charitable objects
Shareholders have unlimited liability
4
This business is run by trustees
sole trader
partnership
co-op
charity
5
Which of these is an advantage of becoming a private limited company to the business
more likely to attract investors
the shareholders have limited liability
registration with the government takes time
shareholders can vote ou the directors
6
Which of these is unincorporated?
franchisor
Charity
PLC
sole trader
7
What sort of business is wholly owned by customers, employees or suppliers?
PLC
Sole trader
Co-operative
Ltd
8
Which of these is an advantage to a franchisee of joining the franchise system
Customers will already recognise the brand
Franchisor will take a share of the profit
Guaranteed income
Free advertising
9
In which type of business do the owners have unlimited liability?
Partnership
Co-operative
Private limited company
charity
10
Which of these is not a requirement for Public Limited Companies (PLC)?
Must make trading statements if share price will be affected
Government must own at least one share
Minimum capital of £50,000
Must publish annualand six-monthly interim accounts