1. Business Quiz
Yr 10 Business Studies

2. How many people own a Sole Trader business?
Question 1
How many people own a Sole Trader business? 1 2 3 4
Hint: The word ‘sole’ implies alone, or singular.

3. What is the minimum number of partners in a partnership?
Question 2
What is the minimum number of partners in a partnership? 2 5 10 20
Hint: Just higher than the number of owners of a sole trader business.

4. What is normally the maximum number of partners in a partnership?
Question 3
What is normally the maximum number of partners in a partnership? 10 20 50
100
Hint: Not too many, not to few.

5. Question 4
Unlimited liability means that the owners are personally responsible for all of the debts of the business.
True
False
Hint: So those with unlimited liability could lose all their personal possessions.

6. Question 5 A sleeping partner is…..? Someone who sleeps at the office
Someone who invests in the
business, but doesn’t get
involved in the day to day
running
Someone who runs the
business but doesn’t put
any money into it
The wife of the main
partner
Hint: Can sleep a little longer because they don’t have to run the business.

7. What sort of liability do partnerships usually have?
Question 6
What sort of liability do partnerships usually have?
Limited liability
No liability
Full liability
Unlimited liability
Hint: Partners may still be liable for debts.

8. Question 7 What does PLC stand for? Private Limited Company
Public Limited Company
Private Liability Company
Public Liability Company
Hint: Gall cyfranddaliadau gael eu prynu gan unrhyw un: mae gan gyfranddalwyr atebolrwydd cyfyngedig.

9. Question 8 What does LTD stand for? Private Limited Company
Public Limited Company
Private Liability Company
Public Liability Company
Hint: Only those invited can buy shares: shareholders have limited liability.

10. When somebody buys a part of a company what is this called?
Question 9
When somebody buys a part of a company what is this called?
Bit
Section
Share
Dividend
Hint: Who owns companies?

11. Question 10
When the owners of a business receive a percentage of the profits this is known as what?
A royalty
A dividend
A share
A profit
Hint: Profits are divided among the shareholders.

12. Where do PLCs sell their shares?
Question 11
Where do PLCs sell their shares?
On the Float Market
At the Fish Market
On the Stock Exchange
At the Cattle Market
Hint: Share of what market?

13. Question 12
A person that buys the right to trade in another company’s name is a …?
Franchisor
Franchisee
Buyer
Franchise
Hint: ‘e-buys’!

14. The percentage of profits paid to the Franchiser is known as what?
Question 13
The percentage of profits paid to the Franchiser is known as what?
A Share
A Profit
A Dividend
A Royalty
Hint: Sounds as though it may be paid to the Queen!

15. Question 14
A Co-operative is a business owned entirely by either the workers or the customers.
True
False
Hint: They co-operate.

16. Which of the following is a Public Sector business?
Question 15
Which of the following is a Public Sector business?
B & Q
Boots
BBC
Barclays Bank
Hint: They do not try to provide services for a profit.

17. THE END