3.1.2 0.0 / 5 ? Business StudiesUnderstanding different business forms (definition)ASAQA Created by: lee42Created on: 08-01-19 09:48 What is a Sole trader? A Sole trader owns the business and has unlimited liability 1 of 10 What is a Public limited company? A PLC securities is based on trade on stock exchange which has limited liability 2 of 10 What is a Private limited Company? A PLC has a limited liability and legal protection is based on shareholders 3 of 10 What is a Public Sector? A part of an economy controlled by the state 4 of 10 What is a Private sector? A part of the national economy, not controloled by the state 5 of 10 What is Unlimited liability? Its when a sole propreitors are liable for the business debt 6 of 10 What is Limited liability? Its when shareholders are responsible for the business debt 7 of 10 What is ordinary share capital? Is when the capital recieved or given to the owner of a business exchange in shares 8 of 10 What is market capitilisation? The value of company that is traded on the stock market 9 of 10 What are dividends? An sum of money paid regularly by a company to its shareholders out of its profits 10 of 10
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