1
Q
limited liability
A
owners are only responsible for the money they put into the business
2
Q
who does limited liability apply to
A
PLC’s and LTD’s
3
Q
unlimited liability
A
owner is responsible for all debts of the business
4
Q
who does unlimited liability apply to
A
sole traders and partnerships
business theme 2
flashcards
Decks in class (20)
# Cards
-
internal finance6
-
external finance12
-
liability4
-
planning8
-
cash flow forecast3
-
calculations and formulas part 18
-
sales, revenue and cost15
-
production methods21
-
motivation; non financial16
-
sales forecasting6
-
breakeven10
-
stock control9
-
budgets9
-
quality management15
-
liquidity20
-
capacity utilisation7
-
profit8
-
business failure5
-
economic influences8
-
PESTLE analysis8
