Business Ownership Flashcards

1

A private limited company is a often a family run business with the protection of:

2

Which is NOT a benefit of a franchise?

3

Sole traders and partnerships have unlimited liability. Owners are responsible for:

4

Most businesses in the UK are privately owned.

5

Franchises are small businesses trading with the agreement of a large firm.

6

A sole trader owns a shoe shop.

7

Cooperatives have many benefits. Which of the following IS a benefit?

8

Which are not drawbacks of being a sole trader?

9

Public limited companies are:

10

Public ownership is a term used for enterprises owned by the state.

Business Ownership