Which sector of economy is run by the government?
Private sector
Public sector
Third sector
Limited companies are found in which sector of economy?
How do public sector organisations raise finance?
Bank loans
Retained profit
Taxation
Which of the following is a disadvantage of being a sole trader?
Unlimited liability
Limited liability
Dividends
What is a sleeping partner?
A partner who does not invest equity into the business
A partner not involved in day to day running of the business
A partner who does not have a vote
What are the minimum and maximum number of partners allowed in a partnership?
1-50
2-25
2-20
What does limited liability mean?
A shareholder only receives a limited share of the profits
A shareholder is liable for all debts
A shareholder is only liable for their equity invested
How many levels of government do we have in Scotland?
One
Two
Three
Which sector of economy is a social enterprise organisation found in?
Who is appointed to run a charity?
Trustees
Shareholders
Volunteers