Year 10 - Economics - 11-9-15

Thai Sikh International School

E-Learning Programme – Online Assignment –   10/09/2015

Name :                                                                                                         Subject : Economics

      Year   :  10                                                                                                    Schedule No. :  1                               

      1.      Decide which of the following apply to a:

i.                    A sole proprietor

ii.                  A partnership

iii.                A sole proprietor and a partnership

a.       One owner

b.      Limited finance

c.       Some scope for specialization

d.      Unlimited liability

Multiple Choice Questions:  Encircle and explain your answer.

     2.      Which of the following is a characteristic of a sole proprietorship?

a.       The business employs one worker

b.      The business has limited liability

c.       The profits of the business go to the sole proprietor

d.      Shares in the business are sold on the stock exchange.

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      3.      The government sells off a state owned enterprise to thousands of shareholders who can sell their shares on the stock exchange.  How has the state of the organization changed?

a.       From a public limited company to a private limited company

b.      From a public limited company to a public corporation

c.       From a public corporation to a private limited company

d.      From a public corporation to a public limited company

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4.      What is meant by ‘the separation of ownership and control’ in public limited companies?

a.       Consumers both own and control the companies

b.      Workers both own and control the companies

c.       The companies are owned by shareholders but managed by the state

d.      The companies are owned by shareholders but managed by directors and managers

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 Reference Book:    Cambridge IGCSE Economics – Susan Grant.