Chapter 21 Getting Started

A sole trader is a business owned and run by many people

How to manage working capital

Unlimited Liability means your personal items cant be used to pay back debt

Short term finance options are..

partnership is a business with between two and twenty partners.

PLC has 1-50 shareholders

Ideal current ratio is

'Lack Of Capital' refers to money invested doesn't translate to power/control

Hire Purchase is...

Job production is for example getting a customised suit

Batch Production is identical items made continuously

Which of the following is a disadvantage of a partnership

How many Finance options are there

Which of the following is a 'long term source'

Co-operative is...

Venture Capital doesn’t have to be repaid as long as conditions are fulfilled. Available from Gov.

PLC stands for...

Medium Term finance options are...

An example of Mass production is

A disadvantage of a co-operative is

What is an advantage of a Sole trader

Debt Factoring is when the firm can hand over its debtor list to a factoring firm who gives them cash

Which of the following is an advantage of a PLC

Working management is all about..

choosing a business location factors to consider

Long term finance options are usually

Local Environment refers to the qualified staff a available

Staff saving is an advantage of this

a business decides to get another firm to produce products for them instead of doing it themselves... This is??

What are the 4 factors to consider when choosing the finance source