Ownership

Which of the following is a disadvantage of a partnership?

• Pressure of being solely responsible

• Have to share the profits

• Easy to set up

• More ideas

What is the liability for a sole trader?

• Limited Reliability

• Not for profit

• Limited Liability

• Unlimited Liability

Which type of ownership allows you to sell shares on the stock market?

• Public Limited Company

• Private Limited Company

• Sole Trader

• Partnership

What is the minimum amount of capital needed to be a Public Limited Company (Plc)?

• £100,000

• £25,000

• £50,000

• £75,000

Being able to keep all of the profits is a benefit of which type of ownership?

• Public Limited Company (Plc)

• Private Limited Company (Ltd)

• Partneship

• Sole Trader