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Which type of legal structure is used when two or more people join together to start a business and have unlimited liability?

• Sole trader

• Partnership

• LTD

• PLC

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

This type of business is owned by one person.

• Partnership
• Sole Proprietorship
• Corporation
• Franchise