Forms of Business (LC 2027) (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the primary objective of public enterprises in Ireland?
What is the primary objective of public enterprises in Ireland?
Providing essential services to citizens
What type of liability does a sole trader face?
What type of liability does a sole trader face?
Unlimited liability
What is the maximum number of shareholders allowed in a private limited company?
What is the maximum number of shareholders allowed in a private limited company?
149 shareholders
Which body oversees not-for-profit organisations in Ireland?
Which body oversees not-for-profit organisations in Ireland?
Charities Regulatory Authority
What voting system do co-operatives use for decision-making?
What voting system do co-operatives use for decision-making?
One member, one vote
What corporation tax rate applies to private limited companies in Ireland?
What corporation tax rate applies to private limited companies in Ireland?
12.5%
In a franchise, who provides the business system, brand and training?
In a franchise, who provides the business system, brand and training?
The franchisor
Approximately how many people do public sector organisations employ in Ireland?
Approximately how many people do public sector organisations employ in Ireland?
75,000 people
What type of liability do partners typically face in a partnership?
What type of liability do partners typically face in a partnership?
Unlimited liability
What is a key advantage of a PLC compared to a private limited company?
What is a key advantage of a PLC compared to a private limited company?
Access to substantial capital via markets