Ownerships

?
What are the advantages/disadvantages of a sole trader?
+keep all the profits, +make decisions, -unlimited liability, -stress, - long hours
1 of 6
What are the advantages/disadvantages of a partnership?
+specialist in a key area, +share liability, -unlimited liability, -share profits, -disagreements
2 of 6
What are the advantages/disadvantages of a private limited company?
+limited liability, +select your shareholders, +sell shares to raise finance, -risk of a takeover, -limited liability
3 of 6
What are the advantages/disadvantages of a public limited company?
+limited liability, +large amount of finances, -risk of a takeover
4 of 6
What happens when interest rates are high?
Saving increases, and spending reduces
5 of 6
What happens when interest rates are low?
Saving reduces, and spending increases
6 of 6

Other cards in this set

Card 2

Front

What are the advantages/disadvantages of a partnership?

Back

+specialist in a key area, +share liability, -unlimited liability, -share profits, -disagreements

Card 3

Front

What are the advantages/disadvantages of a private limited company?

Back

Preview of the front of card 3

Card 4

Front

What are the advantages/disadvantages of a public limited company?

Back

Preview of the front of card 4

Card 5

Front

What happens when interest rates are high?

Back

Preview of the front of card 5
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