Chapter 10: Forming and Protecting a Business

Which of the following is not one of the basic legal forms of a business in the UK?
1. limited company
2. partnership
3. sole trader
4. market trader
5. co-operative
The key difference between a limited company and other legal forms of business is that it:
1. makes more profits
2. grows more quickly
3. is a separate legal entity
4. has more employees
A sole trader is:
1. a fish merchant
2. an evangelist
3. a middleman
4. a self-employed person running a business
Limited liability partnerships came into existence in which year?
1. 1890
2. 1907
3. 2001
Which is the most common form of co-operative?
1. consumer co-operative
2. worker co-operative
3. community co-operative
Which of the list below does not form Intellectual Property?
1. Trade marks
2. Patents
3. Tangible assets
4. Copyright
5. Designs
A domain name is
1. the country of origin
2. a website address
3. a house name
4. a trade mark
In the UK, patents are valid for how long?
1. 100 years
2. 70 years
3. 50 years
4. 20 years
5. 10 years
Copyright in the UK lasts for the lifetime of the creator plus how many years after they die?
1. 100 years
2. 70 years
3. 50 years
4. 20 years
5. 10 years
A design right lasts for how many years after the first sale of the product?
1. 100 years
2. 70 years
3. 50 years
4. 20 years
5. 10 years