Quiz
Leaving Cert Business 2013
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Questions in this quiz (8)
1Outline two characteristics of a private limited company:
- AThe shareholders have limited liability
- BThe shareholders have unlimited liability
- CIt has a separate legal existence from its owners
- DEntitled to have between 1 and 50 shareholders
- EEntitled to have between 1 and 99 shareholders
- FThe company ends in the event of changes such as the death of a shareholder/director
- GThe company does not end in the event of changes such as the death of a shareholder/ director. (Continuity of existence)
- HShareholders have one vote per share at the AGM.
- IShareholders have one vote each at the AGM
2What do the letters NCA stand for?
- ANational Consumer Agency
- BNational Contact Authority
- CNative Control Agency
3Outline two functions of the NCA.
- ATo provide information to consumers on their rights in relation to the purchase of goods and services
- BTo provide details about specific purchases made by consumers
- CTo enforce the relevant consumer law and encourage compliance
- DTo investigate suspected offences
- ETo allow false advertising and pricing
- FTo prohibit false pricing
- GTo refer cases to the Director of Public Prosecutions where appropriate.
4Batch Production is used when making a single, one off,
unique product- ATrue
- BFalse
5In a Hire Purchase agreement legal ownership of the good transfers to the buyer when the first installment is made.
- ATrue
- BFalse
6A Cash Flow deficit can be addressed by negotiating a shorter period of credit with debtors.
- ATrue
- BFalse
7A sole trader is an ownership structure that benefits from limited liability.
- ATrue
- BFalse
8When a company’s equity capital is greater than its debt capital it has low gearing
- ATrue
- BFalse
Information
- Description
- A few short questions taken from the 2013 Leaving Certificate Business Higher Level Exam.
- Author
- cian.buckley+1
- Language
- English
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- 1,032
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