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Business theme 2 > Liablility > Flashcards

Liablility Flashcards

1
Q

What is limited liability?

A

A business owner is only liable for their original investment

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2
Q

What is unlimited liability?

A

If business has debt the owner must pay even if this means selling their own personal possessions to find the money

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3
Q

What is a dividend?

A

Payment of profits payed by a business to its shareholders

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Business theme 2 (21 decks)

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