1776363
Descripción
Test por marcela.leme, actualizado hace más de 1 año
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Creado por marcela.leme
hace más de 9 años
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Pregunta 1
Pregunta
Entrepreneurs have many responsibilities. They need to be innovators, risk takers, decision makers and have unlimited liability.
Respuesta
- True
- False
Pregunta 2
Pregunta
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.
Respuesta
-
Have limited liability
-
Simple to set up - no legal requirements
-
Can offer personal service
-
Can exploit economies of scale
-
May qualify for government help
Pregunta 3
Pregunta
Name three disadvantages of having a Partnership.
Respuesta
-
Financial information is not made public
-
Partners have unlimited liability.
-
Tend to be small businesses
-
No continuity
-
Profit is shared
Pregunta 4
Pregunta
In limited Partnerships both partners have limited liability
Respuesta
- True
- False
Pregunta 5
Pregunta
Which of these are advantages to the franchisee?
Pick one or more.
Respuesta
-
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
Pregunta 6
Pregunta
Which describes best an incorporated business?
Respuesta
-
businesses where there is no legal difference between the owner and the business
-
Where the business has separate legal identity from that of its owners
Pregunta 7
Pregunta
Which of these are disadvantages to the franchisor?
Pick one or more.
Respuesta
-
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
Pregunta 8
Pregunta
Partnerships are strictly between 2 and 20 people
Respuesta
- True
- False
Pregunta 9
Pregunta
A franchisor is the owner who allows franchisees to operate under their name
Respuesta
- True
- False
Pregunta 10
Pregunta
Sole traders, partnerships and franchises all have limited liability.
Respuesta
- True
- False
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