Have an account?
Skip to Content
Build your own quiz
Suggestions for you
Business, Education, Fun
10th -
11thgrade
Private Sector Organisations
10 questions
Show Answers
See Preview
- 1. Multiple Choice
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
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
When profits are shared between shareholders. This is called a ...................
- 4. Multiple Choice
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
An abbreviation for Private Limited Company is.....
PLC
LPC
LTD
Priv
- 6. Multiple Choice
A partnership can have between 2 and 30 partners!
TRUE
FALSE
- 7. Fill in the Blank
A loan from family and friends is a source of finance you would usually see from a ........ .............
- 8. Multiple Choice
Being personally liable for all the business debt is called........
Limited Liability
Unlimited Capital
Unlimited Liability
Limited Capital
- 9. Multiple Choice
What are the types of organisation that have unlimited liability?
Partnership
Sole Trader
Private Limited Company
Sole Trader and Partnership
- 10. Fill in the Blank
................ ................ is when a company goes out of business and you only lose what you have invested.
- Answer choicesTagsAnswer choicesTags