1. Next Business Quiz Yr 10 Business Studies

2. Next Question 1 How many people own a Sole Trader business? 1 34 2 Hint: The word ‘sole’ implies alone, or singular.

3. Next Question 2 What is the minimum number of partners in a partnership? 2 1020 5 Hint: Just higher than the number of owners of a sole trader business.

4. Next Question 3 What is normally the maximum number of partners in a partnership? 10 50100 20 Hint: Not too many, not to few.

5. Next Question 4 Unlimited liability means that the owners are personally responsible for all of the debts of the business. TrueFalse Hint: So those with unlimited liability could lose all their personal possessions.

6. Next 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 main partner 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.

7. Next 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.

8. Next Question 7 What does PLC stand for? Private Limited Company Private Liability CompanyPublic Liability Company Public Limited Company Hint: Gall cyfranddaliadau gael eu prynu gan unrhyw un: mae gan gyfranddalwyr atebolrwydd cyfyngedig.

9. Next Question 8 What does LTD stand for? Private Limited Company Private Liability CompanyPublic Liability Company Public Limited Company Hint: Only those invited can buy shares: shareholders have limited liability.

10. Next Question 9 When somebody buys a part of a company what is this called? Bit ShareDividend Section Hint: Who owns companies?

11. Next Question 10 When the owners of a business receive a percentage of the profits this is known as what? A royalty A shareA profit A dividend Hint: Profits are divided among the shareholders.

12. Next Question 11 Where do PLCs sell their shares? On the Float Market On the Stock ExchangeAt the Cattle Market At the Fish Market Hint: Share of what market?

13. Next Question 12 A person that buys the right to trade in another company’s name is a …? Franchisor BuyerFranchise Franchisee Hint: ‘e-buys’!

14. Next 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!

15. Next Question 14 A Co-operative is a business owned entirely by either the workers or the customers. TrueFalse Hint: They co-operate.

16. Next Question 15 Which of the following is a Public Sector business? B & Q BBCBarclays Bank Boots Hint: They do not try to provide services for a profit.

17. Next THE END