Topic one Q+A cards

HideShow resource information
1) Name three advantages of a Private Limited Company?
Legal Formalities, Increased Start-up Capital and Limited Liability
1 of 6
2) Name three disadvantages of a Partnership?
Disagreements( takes longer for decisions to be made), Profit Sharing, Unlimited Liability
2 of 6
3) What is a sleeping partner?
A sleeping partner is someone who invests in a business but doesn't have dealings in the running of the business.
3 of 6
4) What is a sole trader?
A sole trader is one person who owns and runs a business.
4 of 6
5) What does a Franchise do?
It allows someone to buy into an already established business, they pay a business to use their name and sell their products.
5 of 6
6) Name three disadvantages of a Charity?
Still need to pay VAT, limited training, time consuming.
6 of 6

Other cards in this set

Card 2

Front

2) Name three disadvantages of a Partnership?

Back

Disagreements( takes longer for decisions to be made), Profit Sharing, Unlimited Liability

Card 3

Front

3) What is a sleeping partner?

Back

Preview of the front of card 3

Card 4

Front

4) What is a sole trader?

Back

Preview of the front of card 4

Card 5

Front

5) What does a Franchise do?

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Ownership and control resources »