business forms Flashcards
1
Q
What does having unlimited liability mean?
A
when the owner is fully responsible for its debts. The owners assets have to be sold.
2
Q
What does unincorporated mean?
A
a company not registered with companies house
3
Q
What does ltd mean?
A
private limited company
4
Q
What does plc mean?
A
public limited company
5
Q
What is a business angel?
A
a private investor
6
Q
What effects costs?
A
PESTLE
7
Q
When must businesses issue a profit warning?
A
When it knows the profit
8
Q
How do you calculate market capitalisation?
A
share price x number of shares issued
