BS1 - WJEC specification
All the units
- Created by: rebecca millward
- Created on: 06-01-11 13:05
Other questions in this quiz
2. Unincoporated businesses ...
- where there is no legal different between the owners and the business, everything is carried out in the name of the owners.
- has a seperate legal identity from its owners. business can be sued, taken over and liquidated
3. The private sector.....
- includes all businesses which are set up by individuals/groups of individuals
- Is an LTD
4. Batch production (making identitcal batches of a product)......
- All itmes in a batch are identical, but changes can be made between batches
- same name as job production
5. An advantage of a sole trader is....
- more capital
- Simplicity - less form filling than for a limited company
- Expertise - may have limited skills i.e finance
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