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Business studies Chapter 17

A modern office setting with diverse business professionals discussing entrepreneurship, charts showing business structures, and icons representing sole traders, private limited companies, and franchises.

Understanding Business Structures Quiz

Test your knowledge of key business concepts with our engaging quiz focused on Chapter 17 of Business Studies. This quiz covers essential topics including sole traders, private limited companies, privatisation, and franchising.

Evaluate your understanding of business ownership
Learn about different business structures
Gain insights into privatisation and franchising

4 Questions1 MinutesCreated by LearningLion42

What is a sole trader?

A sole trader business is owned and run by an individual

A sole trader is a business that is owned by the government

A sole trader is owned by the organisation

A sole trader is a business that is owned by between one and 149 shareholders

What is a private limited company?

A private limited company is a business whose shares can be traded on the stock exchange and bought and sold by members of the public

A private limited company is a business that is owned by between one and 149 shareholders

A private limited company is a business that controls the supply of good or services with no competition

A private limited company is a business that is owned by a large organisation

What is meant by privatisation

Privatisation is the sale of a company to the public

Privatisation is the sale of a private limited company to the private sector

Privatisation is an agreement between the individual and the company

Privatisation is the sale of a state-sponsored body to the private sector

Who is a franchisee

A person who works for a person or organisation

A person who buys shares in a company

A person that sells an existing business's goods or services

A person who wants to sell the existing business

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