1. Unit 1 Topic 1.4.3

2.  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

3. Finish the sentence:- The meaning of limited is ……… The meaning of liability is ………….

4. 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.

8. List as many unlimited liability business as possible . List as many limited liability business as possible .

12.  http://www.bbc.co.uk/learningzone/clips/dif ferent-types-of-companies-ltds-and- plcs/13157.html http://www.bbc.co.uk/learningzone/clips/dif ferent-types-of-companies-ltds-and- plcs/13157.html

13.  Risk  Control  Profit  Privacy

14.  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.

17. Answer the four mark question below:-