What type of liability does a sole trader have?
Limited
Unlimited
Private
What is a private limited company often abbreviated as?
Ltd
ARR
Plc
Who can a public limited company sell its shares to?
Anyone
Employees
Family and friends
How many owners can a partnership have?
1 to 30
2 to 20
2 to 50
What is the main aim of a co-operative?
Profit
Expansion
To benefit its members
Where does most of the funding in a charity come from?
Shareholders
Donations
Sales revenue
Which of these is a benefit of being partnership?
There are more ideas in the business
The owners have to give away a share of the business profits
There is unlimited liability
Which of these is a disadvantage to being a sole trader?
Being your own boss
Being personally responsible for all business debts
Sharing profits
What are owners also known as in a private limited company?
Stakeholders
Owners
Who owns an employee co-operative?
The employees
The customers