What is meant by limited liability
Identify and explain two possible advantages of being a private limited company
Identify and explain two disadvantages being a private limited company
Identify and explain one advantage and one disadvantage becoming a public limited company
Outline two disadvantages of being a partnership
Identify and explain two possible reasons why Anna and James formed a business partnership
Identify and explain one advantage and disadvantage of forming a joint venture
Identify two stakeholder groups and explain each stakeholder groups objectives
Identify and explain two stakeholder groups that could be affected by investment decision
Identify and explain one way the following stakeholder groups might use financial accounts
Explain one way each stakeholder groups might use financial information
Explain one objective for each stakeholder groups
Identify and explain two reasons why it is important to be motivated to start a business
Identify and explain two reasons to start up a business
Identify two reasons for a business having objectives
Identify and explain two objectives of business in the private sector
Identify and explain two reasons why objectives might change over time
