671772
Beschreibung
Quiz von James HERSH, aktualisiert more than 1 year ago
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Erstellt von James HERSH
vor etwa 10 Jahre
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Frage 1
Frage
What are the advantages of a Sole Trader.
Antworten
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Easy to Set Up
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You get to be your own boss
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Working Longer Hours
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You decide what happens to profit
Frage 2
Frage
How many people are needed to form a partnership?
Antworten
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2
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3
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1
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2-20
Frage 3
Frage
Which is an advantage of having a Limited company?
Antworten
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Limited Liability
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Unlimited Liability
Frage 4
Frage
Sole Traders have ______________ liability
Antworten
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Unlimited
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Limited
Frage 5
Frage
Partners can sign a _______________ - this shows how businesses will be run and how profit is shared. If there is no deed, _____________________.
Antworten
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Deed of Partnership
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Profits are shared equally
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Document
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Profits are invested into the business
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Certificate of Incorporation
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Companies Act 1985
Frage 6
Frage
Partnerships have ______________ Liability.
Antworten
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Unlimited
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Limited
Frage 7
Frage
What are sleeping partners?
Antworten
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Partners who work during the night while others are asleep
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Partners who invest money into the business but are not actively involved in it
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Retired Partners
Frage 8
Frage
Sleeping Partners have _________________
Antworten
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Limited Liability
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Unlimited Liability
Frage 9
Frage
Limited Companies are owned by at least__________ shareholders
Antworten
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1
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2
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3
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4
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5
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10+
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20+
Frage 10
Frage
With Private Limited Companies. Shares are sold_________________________________who__________________________________. They receive___________ in return.
Antworten
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privately to friends and family
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invest into the business.
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discounts
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Dividends
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Publicly on the stock market
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purchase products from the business
Frage 11
Frage
All shareholders have ________________ liability.
Antworten
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Limited
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Unlimited
Frage 12
Frage
Each shareholder has some control of the business, they vote annually for____________________________.
Antworten
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Directors at AGMs
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New products/services for the company to offer
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how much dividends they receive
Frage 13
Frage
What information is needed to register a company. (Limited Companies)
Antworten
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A Memorandum of Association
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Articles of Association
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Certificate of Incorporation
Frage 14
Frage
A limited companies accounts can be viewed by anyone
Antworten
- True
- False
Frage 15
Frage
A memorandum of Association is ______________________________________________
Antworten
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a document giving the name, address, activity and shares of the company.
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a document giving details of the voting rights of the shareholders, how profits, will be shares and what the directors do.
Frage 16
Frage
Articles of Association is ______________________________________________
Antworten
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a document giving details of the voting rights of the shareholders, how profits, will be shares and what the directors do.
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a document giving the name, address, activity and shares of the company.
Frage 17
Frage
What does Unlimited liability mean
Antworten
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The owner/s are responsible for all the debts of the business. Risk: Own Possessions.
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Shareholders (owners) are only responsible for the amount they invested.
Frage 18
Frage
When a business has been registered at Companies House it will then receives a ____________________
Image:
CH_TL_keyline (image/jpg)
Antworten
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certificate of incorporation
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memorandum of association
Frage 19
Antworten
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is a document containing information about shares
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a list of products/services a company offers
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a document which allows them to start trading
Frage 20
Frage
A business owner decided not to offer any stocks for sale to the public. What type of corporation are they an example of?
Antworten
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Limited (Private)
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Limited (Public)
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Sole Trader
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Partnership
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