Forms of Business Ownership (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
Which form of business ownership is described as the simplest?
Which form of business ownership is described as the simplest?
Sole trader
What does unlimited liability mean for a business owner?
What does unlimited liability mean for a business owner?
Personal assets can be seized for debts
What is capital in a business context?
What is capital in a business context?
The money used to start and fund it
How many individuals can form a partnership?
How many individuals can form a partnership?
Between 2 and 20
What is the formal partnership agreement called?
What is the formal partnership agreement called?
Deed of Partnership
How many shareholders can a private limited company have?
How many shareholders can a private limited company have?
Between 1 and 149
What protection does limited liability provide?
What protection does limited liability provide?
Shareholders only lose their investment
Which body must private limited companies register with in Ireland?
Which body must private limited companies register with in Ireland?
Companies Registration Office (CRO)
Where are public limited company shares traded?
Where are public limited company shares traded?
On stock exchanges
What must public limited companies include in their name?
What must public limited companies include in their name?
PLC
What ongoing payments must franchisees make?
What ongoing payments must franchisees make?
Royalty payments
How are voting rights distributed in a co-operative?
How are voting rights distributed in a co-operative?
Equally among all members