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?

<p>Profit is shared (A)</p> Signup and view all the answers

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

<p>Operated and owned by its workers (D)</p> Signup and view all the answers

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

<p>Limited liability (B)</p> Signup and view all the answers

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

<p>Can dominate the market (B)</p> Signup and view all the answers

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

<p>Shared profit (A)</p> Signup and view all the answers

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

<p>Has to be made public (A)</p> Signup and view all the answers

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

<p>Significant production or service operations in at least 2 different countries (D)</p> Signup and view all the answers

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