placeholder image to represent content

Y9 Bus/Econ - Unit 4 Partnerships

Quiz by B

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
8 questions
Show answers
  • Q1
    Which is an advantage of a partnership?
    More finance can be raised
    May disagree and fall out
    ny partner’s actions are legally binding on the entire partnership
    Have to share profits
    30s
  • Q2
    Which is a disadvantage of a partnership?
    Debts are spread among partners
    Can specialise according to their expertise
    Subject to unlimited liability
    More finance can be raised
    30s
  • Q3
    What is a binding legal document which states the formal rights of partners called?
    deed of rights
    deed of ownership
    deed of partnership
    document of partnership
    30s
  • Q4
    where a business owner is only liable for the original amount of money invested in the business
    unlimited responsibility
    limited responsibility
    unlimited liability
    limited liability
    30s
  • Q5
    What is a partnership where some partners contribute capital and enjoy a share of the profit but do not take part in the running of the business called?
    unlimited partnership
    sole trader
    limited partnership
    restricted partnership
    30s
  • Q6
    Which one of the following is always true regarding the differences between sole trader and partnership?
    Sole traders have unlimited liability but all partnerships enjoy limited liability
    Sole traders are run by the less educated like corner shop owners, but partnerships are formed by licenced professionals like lawyers and accountants.
    Sole traders are very small businesses that employ just a few workers, and partnerships are always larger than sole trader businesses.
    Sole traders are businesses owned by one person but partnerships have two or more owners.
    60s
  • Q7
    Which one of the following may not be included in a partnership agreement (Deed of Partnership)?
    The contributions from different partners
    How the partnership may be ended
    How workers are hired and trained
    How major decisions are mad
    45s
  • Q8
    The public sector is where organisations are...
    owned by central or local governments
    owned by the public as shareholders
    run for profit
    owned by private companies
    45s

Teachers give this quiz to your class