Business Ownership

Which of these things that you typically find in a business plan?

• Business aims

• Market segmentation

• Revenue

• Profit

Which of these things that you typically find in a business plan?

• Loss

• Customer comment cards

• Business objectives

• Mind map

Which of these things that you typically find in a business plan?

• Profit

• Market research

• Revenue

• Age

Which of these things that you typically find in a business plan?

• Profit

• Income

• Loss

• Financial forecast

Which of these things that you typically find in a business plan?

• Risk assessment

• Decline

• Loss

• Growth

If the business fails you only lose your shares in the business not personal assets

• Limited Liability

• Unlimited Liability

If the business fails they can take your personal assets to pay off the debt

• Limited Liability

• Unlimited Liability

If someone has chosen a form of business ownership so that they cannot lose more money than they invest, which of the following is it?

• Limited Liability

• Unlimited Liability

If someone has chosen a form of business ownership so that they can take all your personal assets if they fail, which of the following is it?

• Limited Liability

• Unlimited Liability

Two or more people own the business.

• Sole Trader

• Partnership

• Franchise