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Business structures (GCSE) Flashcards | StudBud
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Business structures (GCSE)
Business structures (GCSE)
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test your starter knowledge on these questions #colstons #A65 #businessstructure
Flashcards
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Questions
10
Answers
1
what kind of company sells its shares on the stock market?
private limited
public limited
partnership
franchise
2
who controls a public limited company?
the owner
the managers
the employees
shareholders
3
what is a partnership?
where shares are sold to other investors
a business owned by more than one person
where two businesses work together
shares are held by just the owners
4
what is the main advantage of being a sole trader?
chance to share ideas with others
you have full control of the business
you have unlimited liability
you have more responsibility
5
a disadvantage of a franchise is.... what?
you get support
you can make more decisions
you are restirtced on the products you can sell
other shops sell the same thing
6
an advantage of a partnership is....
you are able to share decisions making and responsibility
you lose control
more chance of promotion
the company is bigger
7
a business that sells the right for someone else to use its name is a ......
cooperative
franchise
not for profit organisation
sole trader
8
a firm that chooses who can be a shareholder is...what?
private limited
public limited
sole trader
cooperative
9
a disadvantage of a franchise is...what?
staff can leave at any time
you don't make any decisions yourself
you have to share the profits with the franchisor
it is harder to get well known
10
what is meant by 'limited liability'?
liability is limited to the value of the investment
the number of shares issued by a firm
an investor has no responsibility for the firm's debts
the debts of the firm are equally shared between investors
