(a)[2]
Define what is meant by ‘limited liability’.
(b)[3]
Explain two disadvantages for a private limited company when it changes into a public limited company.
Business 9609 · AS & A Level · Business structure
Business structure — practice question
Worked solution & mark scheme
This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “When owners/shareholders of a business are able to lose only the amount of money they have invested” …
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