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15
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Easy to set up 2. Financed by the owner 3. Bears all risks and keeps all profits. These are characteristics of what form of business?
Sole Trader
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15
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There are two types of Partnership. This them
Ordinary Partner and Limited Partner
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lifesaver
Give 15 points!
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seesaw
Swap points!
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shark
Other team loses 20 points!
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lifesaver
Give 20 points!
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monster
Reset all scores!
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magnet
Take 10 points!
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fairy
Take points!
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25
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thief
Give points!
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25
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Bonus Question: Give the difference between a sole Trader and Partnership
Sole Trader Is one that runs and own his/her own business and Partnership consist of 2 or more people
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15
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Give two disadvantages of partnership
Personalities of partners may cause difficulties in decision making. 2. Some difficulty in raising capital.
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An association between 2- 20 people operating a business with the common goal of making a profit. What am I?
Partnership
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List two advantages of a partnership
Shared workload, Relatively easy to set up
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self-employed person who owns and runs their own business as an individual. What am I?
Sole Trader
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Give one disadvantage of a partnership?
Personalities of partners may cause difficulties in decision making. 2. Some difficulty in raising capital.
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