Unit 1
Topic 1.4.3
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Must learn: The principles of limited and
unlimited liability
Should learn: The differences between limited
and unlimited liability
Could learn: To evaluate the choice of
business ownership depends on the risk of
loss a business is will to take
Finish the sentence:The meaning of limited is ………
The meaning of liability is ………….
Finish the sentence:The meaning of limited is when there is
a restriction on something.
The meaning of liability is when
someone or something is accountable
for an occurrence.
List as many unlimited
liability business as
possible
 .
 .
 .
List as many limited
liability business as
possible
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.
.
.
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http://www.bbc.co.uk/learningzone/clips/dif
ferent-types-of-companies-ltds-andplcs/13157.html
 Risk
 Control
 Profit
 Privacy
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Bob the Blob’s Question Time
Complete the paragraph by filling in the
blanks.
Explain the main differences between a sole
trader and a private limited company.
Answer the four mark question below:-