Business Structures QuizOnline version Business models and economies by Savio Cantius Costa 1 What is a sole trader? a A company with publicly traded shares b A franchise owned by a parent company c An individual owner who runs the business alone d A partnership of two or more people 2 Which best describes a partnership? a An employee-owned cooperative b A company owned by private investors only c A business owned by two or more persons sharing profits d A government-owned enterprise 3 Private Limited Company (Pvt Ltd) features: a Limited liability and non-public share trading b Unlimited liability and public share trading c Direct state ownership d Franchise model only 4 Public Limited Company (PLC) is characterized by: a No shareholders necessary b Unlimited liability for directors c Shares traded publicly with limited liability d Private ownership only 5 A franchise arrangement involves: a Franchisee operating under the franchisor's brand and system b Public ownership of all outlets c A merger between two large firms d Independent brand development 6 Joint venture means: a A single firm operating in many countries b A temporary collaboration between two or more firms c Permanent monopoly by one firm d A government partnership only 7 Sources of Finance include: a Bartering assets b Debt, equity, grants, and internal funds c Only cash donations d Only government loans 8 In a command (planned) economy, the state: a Lets the market set everything b Decides what to produce and how to allocate resources c Leaves production to private investors d Only prints money 9 A mixed economy combines: a No private property rights b Absolute laissez-faire without regulations c Market freedom with some government planning d Complete state control with no markets 10 In a market economy, prices are mainly determined by: a Supply and demand b Only production costs decide prices c Random assignment by planners d Government dictates all prices
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