GCSE OCR Business Studies A292 - Ownership - Ltd & Plc

Question 1

A company where shareholders can be chosen is?

Answer 1

Private limited company (Ltd)

Question 2

A company where anyone around the world could buy a share in the company is called?

Answer 2

Public limited company (Plc)

Question 3

A Plc sells shares in their company on the?

Answer 3

The Stock Exchange

Question 4

A Ltd does not have to publish ALL of their financial information?
True or False

Answer 4

True

Question 5

A Plc & Ltd can continue to exist even if their owners (Shareholders) die?
True or False

Answer 5

True

Question 6

Plc & Ltd’s have their own legal identify meaning they can be sued or sue in the company’s name?
True or False

Answer 6

True

Question 7

It is easier to raise finance for a company compared to a Partnership or Sole Proprietor?
True or False

Answer 7

True

Question 8

To become a company you have to complete legal binding documents. (Memorandum of Association & Articles of Association)
True or False

Answer 8

True

Question 9

A Plc cannot take a bank loan out in the companies name?

True or False

Answer 9

False,

they can borrow in the company name as the company has it’s own legal identify.