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