Leaving Cert Business 2013

Question 1 of 8

Medal-premium 1

Outline two characteristics of a private limited company:

Select one or more of the following:

  • The shareholders have limited liability

  • The shareholders have unlimited liability

  • It has a separate legal existence from its owners

  • Entitled to have between 1 and 50 shareholders

  • Entitled to have between 1 and 99 shareholders

  • The company ends in the event of changes such as the death of a shareholder/director

  • The company does not end in the event of changes such as the death of a shareholder/ director. (Continuity of existence)

  • Shareholders have one vote per share at the AGM.

  • Shareholders have one vote each at the AGM

Question 2 of 8

Medal-premium 1

What do the letters NCA stand for?

Select one of the following:

  • National Consumer Agency

  • National Contact Authority

  • Native Control Agency

Question 3 of 8

Medal-premium 1

Outline two functions of the NCA.

Select one or more of the following:

  • To provide information to consumers on their rights in relation to the purchase of goods and services

  • To provide details about specific purchases made by consumers

  • To enforce the relevant consumer law and encourage compliance

  • To investigate suspected offences

  • To allow false advertising and pricing

  • To prohibit false pricing

  • To refer cases to the Director of Public Prosecutions where appropriate.

Question 4 of 8

Medal-premium 1

Batch Production is used when making a single, one off,
unique product

Select one of the following:

  • True

  • False

Question 5 of 8

Medal-premium 1

In a Hire Purchase agreement legal ownership of the good transfers to the buyer when the first installment is made.

Select one of the following:

  • True

  • False

Question 6 of 8

Medal-premium 1

A Cash Flow deficit can be addressed by negotiating a shorter period of credit with debtors.

Select one of the following:

  • True

  • False

Question 7 of 8

Medal-premium 1

A sole trader is an ownership structure that benefits from limited liability.

Select one of the following:

  • True

  • False

Question 8 of 8

Medal-premium 1

When a company’s equity capital is greater than its debt capital it has low gearing

Select one of the following:

  • True

  • False

Icon_fullscreen

Leaving Cert Business 2013

cian.buckley+1
Quiz by , created about 3 years ago

A few short questions taken from the 2013 Leaving Certificate Business Higher Level Exam.

Eye 417
Pin 5
Balloon-left 0
Tags
cian.buckley+1
Created by cian.buckley+1 about 3 years ago
Close