Different Forms of Business (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Who owns and controls public sector organisations?
Who owns and controls public sector organisations?
Government or local authorities
What is privatisation?
What is privatisation?
Converting govt-owned businesses to private
What type of liability do sole traders have?
What type of liability do sole traders have?
Unlimited liability
What is the key feature of incorporated businesses?
What is the key feature of incorporated businesses?
They are separate legal entities
Which structure has minimal paperwork and low setup costs?
Which structure has minimal paperwork and low setup costs?
Sole traders & partnerships
Why would a high-risk business choose to incorporate?
Why would a high-risk business choose to incorporate?
To protect owners' personal assets
Why might a business change from private to public limited company?
Why might a business change from private to public limited company?
To raise more capital
Who are the shareholders in a limited company?
Who are the shareholders in a limited company?
Owners who hold at least one share
Which action requires shareholder approval at a general meeting?
Which action requires shareholder approval at a general meeting?
Removing directors
What are the two main reasons people invest in shares?
What are the two main reasons people invest in shares?
Dividends & capital growth