Which characteristicdistinguishes a public company from a private company?

The election ofdirectors who run the company

Which of thefollowing is not an advantage ofbuying an existing business?

Employees may resentthe change of owner

Which of the following statements about franchising is not true?

Operating a franchiseis generally a highrisk businessventure

Which of thefollowing is not an advantage ofstarting a business from scratch?

The owner has to payfor goodwill.

workerentitlements such as workers compensation and OH&S

What is an advantageof debt financing over equity financing?

Debt financing doesnot involve any loss of ownership.

What does the term ‘owner’sequity’ refer to?

The value of thebusiness to the owner(s)

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Running a business

18 termsStudBud Administration2,968 plays

Running a business

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Questions 18

Answers

1
see picture
$170 000
$210 000
$110 000
$230 000
2
Which characteristicdistinguishes a public company from a private company?
The election ofdirectors who run the company
The unlimited numberof shareholders
The capital providedby shareholders
The unlimitedliability of shareholders
3
Which of thefollowing is not an advantage ofbuying an existing business?
Equipment is available for immediate use
Employees may resentthe change of owner
An existing customerbase
Stock alreadyacquired
4
see picture
Profit
Gross/profit loss
Revenue
Assets
5
Empty question
Empty choice
Empty choice
6
see picture
Sales promotion
Advertising
Publicity
Personal selling
7
Which of the following statements about franchising is not true?
Operating a franchiseis generally a highrisk businessventure
Franchising isexperiencing enormous growth in Australia.
The product soldby afranchise is usually a wellknown product
Franchisors usuallyprovide ongoing training and support.
8
see picture
budget
balance sheet
revenue statement
cash flow statement
9
Which of thefollowing terms refers to debts owed by a business?
Assets
Expenses
Liabilities
Gross loss
10
Which of thefollowing is not a desirablecharacteristic of a successful small-business owner?
Willingness to learn
Inability to dealwith failure
Solid leadershipqualities
Good communicationskills
11
Which of thefollowing is not an advantage ofstarting a business from scratch?
possible to begin on a smaller scale if funds are limited
freedom to set up the business as he or she wishes.
The owner has to payfor goodwill.
ablity to determine thepace of growth and change
12
see picture
$50 000
$0
$60 000
$67 000
13
Whatis the name given to the rightsfrom a manufacturer to distribute its products under itsname
Entrepreneur
Incorporation
Franchise
Goodwill
14
see picture
workerentitlements such as workers compensation and OH&S
Parking regulationsgoverning the number of parking spaces
Abiding by unfairdismissal laws when dismissing employees
Payment of PAYGincome tax
15
see picture
$171 000
$150 000
$97 000
$95 000
16
see picture
Sole trader
Partnership
Public company
Private company
17
What is an advantageof debt financing over equity financing?
Debt financingrequires regular payments.
Debt financing requires payment of principal.
Debt financing does not have to be paid back.
Debt financing doesnot involve any loss of ownership.
18
What does the term ‘owner’sequity’ refer to?
The business’s profit
The business’s debts
The value of thebusiness to the owner(s)
The income earned bya business

Running a business Flashcards | StudBud

Running a business

18 termsStudBud Administration2,968 plays

Running a business

Flashcards18 cardsFPractice quizPHost liveL

Questions 18

Answers

1
see picture
$170 000
$210 000
$110 000
$230 000
2
Which characteristicdistinguishes a public company from a private company?
The election ofdirectors who run the company
The unlimited numberof shareholders
The capital providedby shareholders
The unlimitedliability of shareholders
3
Which of thefollowing is not an advantage ofbuying an existing business?
Equipment is available for immediate use
Employees may resentthe change of owner
An existing customerbase
Stock alreadyacquired
4
see picture
Profit
Gross/profit loss
Revenue
Assets
5
Empty question
Empty choice
Empty choice
6
see picture
Sales promotion
Advertising
Publicity
Personal selling
7
Which of the following statements about franchising is not true?
Operating a franchiseis generally a highrisk businessventure
Franchising isexperiencing enormous growth in Australia.
The product soldby afranchise is usually a wellknown product
Franchisors usuallyprovide ongoing training and support.
8
see picture
budget
balance sheet
revenue statement
cash flow statement
9
Which of thefollowing terms refers to debts owed by a business?
Assets
Expenses
Liabilities
Gross loss
10
Which of thefollowing is not a desirablecharacteristic of a successful small-business owner?
Willingness to learn
Inability to dealwith failure
Solid leadershipqualities
Good communicationskills
11
Which of thefollowing is not an advantage ofstarting a business from scratch?
possible to begin on a smaller scale if funds are limited
freedom to set up the business as he or she wishes.
The owner has to payfor goodwill.
ablity to determine thepace of growth and change
12
see picture
$50 000
$0
$60 000
$67 000
13
Whatis the name given to the rightsfrom a manufacturer to distribute its products under itsname
Entrepreneur
Incorporation
Franchise
Goodwill
14
see picture
workerentitlements such as workers compensation and OH&S
Parking regulationsgoverning the number of parking spaces
Abiding by unfairdismissal laws when dismissing employees
Payment of PAYGincome tax
15
see picture
$171 000
$150 000
$97 000
$95 000
16
see picture
Sole trader
Partnership
Public company
Private company
17
What is an advantageof debt financing over equity financing?
Debt financingrequires regular payments.
Debt financing requires payment of principal.
Debt financing does not have to be paid back.
Debt financing doesnot involve any loss of ownership.
18
What does the term ‘owner’sequity’ refer to?
The business’s profit
The business’s debts
The value of thebusiness to the owner(s)
The income earned bya business