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Business Organizations and Concepts Quiz

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Business Organizations and Concepts Quiz

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Questions and Answers

What is the main advantage of a Public Limited Company (PLC) in terms of capital?

Limited capital raised

Large amount of capital raised (correct)

No capital raised

More capital raised

Which type of business organization has a separate legal identity from that of its owners?

Multinational company

Consumer cooperative

Worker cooperative

Limited company (correct)

What is the significance of market share for a company?

It measures the company's production efficiency

It reflects the company's number of employees

It indicates the percentage of total industry sales earned by the company (correct)

It represents the company's total profit

What is a key disadvantage of a Private Limited Company (Ltd) in terms of profit?

Profit is shared Signup and view all the answers

What is a characteristic of a Worker Cooperative that distinguishes it from other business organizations?

Operated and owned by its workers Signup and view all the answers

What is a key advantage of a Private Limited Company (Ltd) in terms of liability?

Limited liability Signup and view all the answers

What distinguishes a Public Limited Company (PLC) from a Private Limited Company (Ltd) in terms of market dominance?

Can dominate the market Signup and view all the answers

What is a characteristic of Worker Cooperatives that sets them apart from other business organizations?

Shared profit Signup and view all the answers

What is the significance of financial information for a Private Limited Company (Ltd)?

Has to be made public Signup and view all the answers

What is a key advantage of a Multinational company in terms of operations?

Significant production or service operations in at least 2 different countries Signup and view all the answers