1776363
Beschreibung
Quiz von marcela.leme, aktualisiert more than 1 year ago
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Erstellt von marcela.leme
vor fast 10 Jahre
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Frage 1
Frage
Entrepreneurs have many responsibilities. They need to be innovators, risk takers, decision makers and have unlimited liability.
Antworten
- True
- False
Frage 2
Frage
Being a sole trader can have many burdens, however there are advantages. Which one of these benefits the sole trader?
You may pick one or more.
Antworten
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Have limited liability
-
Simple to set up - no legal requirements
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Can offer personal service
-
Can exploit economies of scale
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May qualify for government help
Frage 3
Frage
Name three disadvantages of having a Partnership.
Antworten
-
Financial information is not made public
-
Partners have unlimited liability.
-
Tend to be small businesses
-
No continuity
-
Profit is shared
Frage 4
Frage
In limited Partnerships both partners have limited liability
Antworten
- True
- False
Frage 5
Frage
Which of these are advantages to the franchisee?
Pick one or more.
Antworten
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Cost of support may be high
-
Set-up costs are predictable
-
Back-up support is given
-
Fast method of growth
-
Strict contracts have to be signed
Frage 6
Frage
Which describes best an incorporated business?
Antworten
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businesses where there is no legal difference between the owner and the business
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Where the business has separate legal identity from that of its owners
Frage 7
Frage
Which of these are disadvantages to the franchisor?
Pick one or more.
Antworten
-
potential profit is shared with franchisee
-
Can be an expensive way to start a business
-
Poor franchisees may damage the brand’d reputation
-
Franchisees take most of the risk
Frage 8
Frage
Partnerships are strictly between 2 and 20 people
Antworten
- True
- False
Frage 9
Frage
A franchisor is the owner who allows franchisees to operate under their name
Antworten
- True
- False
Frage 10
Frage
Sole traders, partnerships and franchises all have limited liability.
Antworten
- True
- False
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