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Subjects · Leaving Cert Business

Leaving Cert Business: Business organisations

How often Business organisations comes up on the Business papers, every year it was asked, and questions to try.

HL Asked on 9 of the last 10 Higher Level papers, most recently in 2026. banker

OL Asked on 8 of the last 10 Ordinary Level papers, most recently in 2026. most years

June 2027 is the first exam on the new Business course. These come from the 2016–2026 papers, so read them as a guide.

Business organisations, Higher Level(6 marks)

Quick ones on Business organisations.

(a)The written agreement between partners is the…
  1. Constitution
  2. Deed of partnership
  3. Certificate of incorporation
(b)Partnerships in Ireland are governed by the…
  1. Industrial Relations Act 1990
  2. Companies Act 2014
  3. Partnership Act 1890
(c)A private company limited by shares (LTD) ends its name with…
  1. Ltd
  2. UC
  3. plc
Show the answers

(a) Deed of partnership

(b) Partnership Act 1890

(c) Ltd

Your turn: Higher Level questions on Business organisations.

Higher Level

Asked on 9 of the last 10 Higher Level papers, most recently in 2026. banker

Every paper, year by year

YearWhere it came up
2026Section 1 Q7
2025Section 3 Q2
2024Section 1 Q1, Section 3 Q7
2023Section 3 Q2
2022Section 2 ABQ, Section 3 Q2
2021Section 1 Q3, Section 3 Q8
2019Not asked
2018Section 3 Q2, Section 3 Q5
2017Section 1 Q2
2016Section 3 Q2

Links open the State Examinations Commission’s paper for that year.

More Business organisations questions

Business organisations, 2 marks

The maximum number of members of an LTD company is…

  1. 50
  2. 20
  3. 149
Show the answer

149

Under the Companies Act 2014 an LTD can have from 1 to 149 members, not counting employees or former employees who hold shares. A PLC has no maximum.

Business organisations, 2 marks

The minimum number of members needed to form an LTD company is…

  1. Seven
  2. One
  3. Two
Show the answer

One

Since the Companies Act 2014, a single person can form an LTD. It needs at least one director and a company secretary, and a sole director cannot also be the secretary.

Business organisations, 2 marks

The minimum number of directors in a PLC is…

  1. Two
  2. One
  3. Seven
Show the answer

Two

A PLC must have at least two directors, and a minimum issued share capital of €25,000. An LTD can have just one director.

Ordinary Level

Asked on 8 of the last 10 Ordinary Level papers, most recently in 2026. most years

Every paper, year by year

YearWhere it came up
2026Section 2 Q6
2025Not asked
2024Section 1 Q14
2023Section 1 Q4
2022Section 1 Q7, Section 2 Q8
2021Not asked
2019Section 2 Q7
2018Section 2 Q2, Section 2 Q8
2017Section 2 Q8
2016Section 2 Q2, Section 2 Q8

Links open the State Examinations Commission’s paper for that year.

More Business organisations questions

Business organisations, 2 marks

A business owned and run by one person is a…

  1. Private limited company
  2. Co-operative
  3. Sole trader
Show the answer

Sole trader

It is quick and cheap to set up and the owner keeps all the profit, but the owner also has unlimited liability.

Business organisations, 2 marks

Two or more people running a business together and sharing the profits form a…

  1. State-owned enterprise
  2. Partnership
  3. Sole trader business
Show the answer

Partnership

Partners sign a deed of partnership setting out how profits are shared and who does what. Solicitors often trade this way.

Business organisations, 3 marks

Limited liability means an owner can lose…

  1. Only the money they invested in the business
  2. Their home and their car as well as their shares
  3. Nothing at all, whatever happens
Show the answer

Only the money they invested in the business

If the company fails, shareholders lose their shares but their personal property is safe, because the company is a separate legal person.

Other Business topics

All of Leaving Cert Business