Why do Businesses change their Ownership Structure? (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
Why might a business change its ownership structure to allow expansion?
Why might a business change its ownership structure to allow expansion?
To provide capital & resources for growth
What financing challenge do sole traders often face?
What financing challenge do sole traders often face?
Difficulties in securing financing
What does limited liability protect from business debts?
What does limited liability protect from business debts?
Owners' personal assets
Why does limited liability make a business more attractive to investors?
Why does limited liability make a business more attractive to investors?
Personal assets are safeguarded
What can privatisation lead to according to the note?
What can privatisation lead to according to the note?
Increased efficiency & competitiveness
What does nationalisation ensure for essential services?
What does nationalisation ensure for essential services?
They remain accessible to the public
What rate of corporation tax do limited companies pay?
What rate of corporation tax do limited companies pay?
12.5%
What is the higher rate of income tax that sole traders pay?
What is the higher rate of income tax that sole traders pay?
40%
When did the government sell its last stake in Aer Lingus and to whom?
When did the government sell its last stake in Aer Lingus and to whom?
2015 to IAG
What do critics argue about privatised Aer Lingus?
What do critics argue about privatised Aer Lingus?
Not incentivised to provide Irish routes