Private Sector Organisations

Private Sector Organisations

Assessment

Assessment

Created by

Stuarty Moran

Business, Education, Fun

10th - 11th Grade

11 plays

Hard

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10 questions

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1.

Multiple Choice

20 sec

3 pts

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Which of the following would be involved in a Private Limited Company?

Shares are issued to the public

Owners are limited to 20 people

Shareholders are often family members

All of the options

2.

Multiple Choice

20 sec

3 pts

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Which of the following is a disadvantage to being a Private Limited Company?

Limited liability

Unlimited liability

Shares cannot be issued to the public

Limited to only 20 people

3.

Fill in the Blank

30 sec

8 pts

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When profits are shared between shareholders. This is called a ...................

4.

Multiple Choice

20 sec

3 pts

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An advantage of being a Private Limited Company is.....

Profits are not shared

Financial records must be published each year

Easier to raise money

Limited capital

5.

Multiple Choice

20 sec

3 pts

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An abbreviation for Private Limited Company is.....

PLC

LPC

LTD

Priv

6.

Multiple Choice

20 sec

3 pts

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A partnership can have between 2 and 30 partners!

TRUE

FALSE

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