1776363
Descrição
Quiz por marcela.leme, atualizado more than 1 year ago
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Criado por marcela.leme
quase 10 anos atrás
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Questão 1
Questão
Entrepreneurs have many responsibilities. They need to be innovators, risk takers, decision makers and have unlimited liability.
Responda
- True
- False
Questão 2
Questão
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.
Responda
-
Have limited liability
-
Simple to set up - no legal requirements
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Can offer personal service
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Can exploit economies of scale
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May qualify for government help
Questão 3
Questão
Name three disadvantages of having a Partnership.
Responda
-
Financial information is not made public
-
Partners have unlimited liability.
-
Tend to be small businesses
-
No continuity
-
Profit is shared
Questão 4
Questão
In limited Partnerships both partners have limited liability
Responda
- True
- False
Questão 5
Questão
Which of these are advantages to the franchisee?
Pick one or more.
Responda
-
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
Questão 6
Questão
Which describes best an incorporated business?
Responda
-
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
Questão 7
Questão
Which of these are disadvantages to the franchisor?
Pick one or more.
Responda
-
potential profit is shared with franchisee
-
Can be an expensive way to start a business
-
Poor franchisees may damage the brand’d reputation
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Franchisees take most of the risk
Questão 8
Questão
Partnerships are strictly between 2 and 20 people
Responda
- True
- False
Questão 9
Questão
A franchisor is the owner who allows franchisees to operate under their name
Responda
- True
- False
Questão 10
Questão
Sole traders, partnerships and franchises all have limited liability.
Responda
- True
- False
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