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Quiz

Sole traders, partnerships and franchises (chapter 3)

marcela.leme 10 perguntas

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Perguntas do quiz (10)

  1. 1Entrepreneurs have many responsibilities. They need to be innovators, risk takers, decision makers and have unlimited liability.
    1. AVerdadeiro
    2. BFalso
  2. 2Being a sole trader can have many burdens, however there are advantages. Which one of these benefits the sole trader?
    You may pick one or more.
    1. AHave limited liability
    2. BSimple to set up - no legal requirements
    3. CCan offer personal service
    4. DCan exploit economies of scale
    5. EMay qualify for government help
  3. 3Name three disadvantages of having a Partnership.
    1. AFinancial information is not made public
    2. BPartners have unlimited liability.
    3. CTend to be small businesses
    4. DNo continuity
    5. EProfit is shared
  4. 4In limited Partnerships both partners have limited liability
    1. AVerdadeiro
    2. BFalso
  5. 5Which of these are advantages to the franchisee?
    Pick one or more.
    1. ACost of support may be high
    2. BSet-up costs are predictable
    3. CBack-up support is given
    4. DFast method of growth
    5. EStrict contracts have to be signed
  6. 6Which describes best an incorporated business?
    1. Abusinesses where there is no legal difference between the owner and the business
    2. BWhere the business has separate legal identity from that of its owners
  7. 7Which of these are disadvantages to the franchisor?
    Pick one or more.
    1. Apotential profit is shared with franchisee
    2. BCan be an expensive way to start a business
    3. CPoor franchisees may damage the brand’d reputation
    4. DFranchisees take most of the risk
  8. 8Partnerships are strictly between 2 and 20 people
    1. AVerdadeiro
    2. BFalso
  9. 9A franchisor is the owner who allows franchisees to operate under their name
    1. AVerdadeiro
    2. BFalso
  10. 10Sole traders, partnerships and franchises all have limited liability.
    1. AVerdadeiro
    2. BFalso

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Quiz sobre Sole traders, partnerships and franchises (chapter 3), criado por marcela.leme em 10-12-2014.
Idioma
English
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