NextNext

Business Quiz

Yr 10 Business Studies

NextNext

Question 1

How many people own a Sole Trader business?

1

3 4

2

Hint: The word ‘sole’ implies alone, or singular.

NextNext

Question 2

What is the minimum number of partners in a partnership?

2

10 20

5

Hint: Just higher than the number of owners of a sole trader business.

NextNext

Question 3

What is normally the maximum number of partners in a partnership?

10

50 100

20

Hint: Not too many, not to few.

NextNext

Question 4

Unlimited liability means that the owners are personally responsible for all of the debts of the business.

True False

Hint: So those with unlimited liability could lose all their personal possessions.

NextNext

Question 5

A sleeping partner is…..?

Someone who sleeps at the office

Someone who runs the business but doesn’t put

any money into it

The wife of the mainpartner

Someone who invests in the business, but doesn’t get involved in the day to day

running

Hint: Can sleep a little longer because they don’t have to run the business.

NextNext

Question 6

What sort of liability do partnerships usually have?

Limited liability

Full liability

No liability

Unlimited liability

Hint: Partners may still be liable for debts.

NextNext

Question 7

What does PLC stand for?

Private Limited Company

Private Liability Company Public Liability Company

Public Limited Company

Hint: Gall cyfranddaliadau gael eu prynu gan unrhyw un: mae gan gyfranddalwyr atebolrwydd cyfyngedig.

NextNext

Question 8

What does LTD stand for?

Private Limited Company

Private Liability Company Public Liability Company

Public Limited Company

Hint: Only those invited can buy shares: shareholders have limited liability.

NextNext

Question 9

When somebody buys a part of a company what is this called?

Bit

Share Dividend

Section

Hint: Who owns companies?

NextNext

Question 10

When the owners of a business receive a percentage of the profits this is

known as what?

A royalty

A share A profit

A dividend

Hint: Profits are divided among the shareholders.

NextNext

Question 11

Where do PLCs sell their shares?

On the Float Market

On the Stock Exchange At the Cattle Market

At the Fish Market

Hint: Share of what market?

NextNext

Question 12

A person that buys the right to trade in another company’s name is a …?

Franchisor

Buyer Franchise

Franchisee

Hint: ‘e-buys’!

NextNext

Question 13

The percentage of profits paid to the Franchiser is known as what?

A Share

A Dividend

A Profit

A Royalty

Hint: Sounds as though it may be paid to the Queen!

NextNext

Question 14

A Co-operative is a business owned entirely by either the workers or the

customers.

True False

Hint: They co-operate.

NextNext

Question 15

Which of the following is a Public Sector business?

B & Q

BBC Barclays Bank

Boots

Hint: They do not try to provide services for a profit.

NextNext

THE END