Business A-Level
unlimited liability
What unlimited liability means in Business A-Level, as defined for AQA.
Definition of unlimited liability
Check what you remember
Read the wording for your board, then hide it and explain unlimited liability in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A sole trader has total control but also this, risking personal assets if the business fails.
Topics that use unlimited liability
- Understanding different business forms (AQA A-Level)
Related terms
- corporate objectives
- equity
- limited liability
- market expectations
- social enterprise
- capital gain
- dividend yield
- market capitalisation
Using unlimited liability in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Business questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Business A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge