1.5 - 1.6 - Private vs Public Sectors + Forms of Business Organisation

Which feature is MOST associated with the public sector?

A sole trader is a business owned by:

Unlimited liability means the owner:

Privatisation refers to:

A co-operative is owned mainly by:

Which form of business usually provides limited liability to owners?

In a franchise arrangement, the business owner who buys the rights is the:

Which pair BEST matches the sector with its main aim?

Two friends start a small landscaping service and share profits equally. This is a:

Which is a disadvantage of a sole trader?

A key advantage of forming a co-operative is that members can:

A private limited company differs from a public limited company mainly because a private limited company:

Which situation BEST explains nationalisation?

A franchisee pays 5% royalty on monthly sales of $80,000. How much royalty is paid?

A business owner wants to raise large capital, limit liability and ensure continuity even if owners change. Which form is MOST suitable?

Which option BEST explains why privatisation may improve efficiency?

A partnership earns $24,000 profit. The ratio is 1:3. How much does the second partner receive?

Which statement about limited liability is MOST accurate?

A co-operative struggles with slow decision-making. This problem is MOST likely caused by:

A franchise outlet performs poorly because the brand’s reputation was damaged overseas. This illustrates a franchise disadvantage called:

A sole trader owes $90,000 after a business fire and has only $30,000 business assets. If uninsured, what is the MOST realistic outcome under unlimited liability?

Executive session ended with students providing feedback through a survey. What was the purpose of this exercise?