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11 Business 1.2 Types of Business

cd bragg 10 questions

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Questions in this quiz (10)

  1. 1What would be an advantage of a business being registered as a sole trader?
    1. AIt may have restrictions on the amount of money that it could borrow
    2. BThe owner is responsible for all the decisions affecting the business
    3. CThe personal assets of the owner could be sold in the event that the owner is unable to meet the financial obligations of the business
    4. DFunds used to operate the business are generally provided by the owner
  2. 2How may a public company be best defined?
    1. AA business that is listed on the Australian Securities Exchange and has ownership open to all members of the public
    2. BA business that is owned and operated by government
    3. CA business that is open for ownership by a select group of people
    4. DA government business that is in the process of being sold to private investors
  3. 3Jannon purchases shares in a public company listed on the Australian Securities Exchange. What is the name given to the income that Jannon would receive from this?
    1. AProfit
    2. BYield
    3. CReturn on Investment
    4. DDividend
  4. 4Stephanie is employed by Arnott’s to prepare and mix ingredients as part of the process of making biscuits. Which industry does Stephanie work in?
    1. APrimary
    2. BSecondary
    3. CTertiary
    4. DQuaternary
  5. 5Each year a public company must release a document to its shareholders outlining the financial performance of the business over the past year. What is this report known as?
    1. AProspectus
    2. BAnnual Report
    3. CFinancial Accounts Summary
    4. DShareholder Report
  6. 6What is the process of organising and operating a government business enterprise on private sector principles known as?
    1. ACorporatisation
    2. BPrivatisation
    3. CNationalisation
    4. DEntrepreneurship
  7. 7What is the name given to businesses that are registered as legal entities separate from their owners?
    1. ASole Traders
    2. BUnincorporated Businesses
    3. CIncorporated Businesses
    4. DPrivate Companies
  8. 8Paperlix is a medium-sized private company that specialises in the production of recycled paper. It is considering the possibility of becoming a public company. What would be an advantage of this?
    1. AThe business would move from an unlimited liability to a limited liability company
    2. BIt would be able to access external funds for future growth and expansion strategies
    3. CExisting shareholders would remain responsible for the long-term and day-to-day operations of the business
    4. DThe business would move from an incorporated business entity to an unincorporated business entity
  9. 9What would be a primary aim of a public sector business?
    1. ATo provide essential services to the community that, for various reasons, the private sector does not supply
    2. BTo achieve a profit on the services that it provides to the community
    3. CTo compete with private sector businesses across a range of industries, including telecommunications and postal services
    4. DTo employ Australians
  10. 10Through which organisation are shares in public companies traded?
    1. AThe Stock Exchange Association of Australia
    2. BThe Australian Market of Exchange
    3. CThe Australian Securities Exchange
    4. DThe Australian Stock Market

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Description
Cambridge Preliminary Business Studies, Chapter 2 - Multiple Choice
Author
cd bragg
Language
English
Views
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