Chapter 4 IGCSE bs

A business in which shares can be bought and sold.

• Limited Partnership

• Limited Company

• Partnership

• Sole Proprietorship

Draw a logo of a famous franchise brand.

Explain an advantage of starting a business as a sole trader rather than a partnership. (3 Marks)

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Choose one or more options that would fit the description of limited partnerships.

• one owner that has limited liability with partner creditors

• more than one owner

• has unlimited liability

• has separate legal identity

• unincorporated

A business which has limited liability and separate legal identity is called an ________________ business (all simple)

Explain what factors of production are. (2 Marks)

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What is the difference between a public limited company and a public corporation? (2 Marks)

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Choose which of the options below is a benefit of partnerships.

• limited liability

• longer decision making

• unlimited liability

• more capital can be invested

Type in two examples of either land, labour or capital that can be used in a hospital.