vocab for different business forms 0.0 / 5 ? Business Studiesbusiness formsA2/A-levelAQA Created by: rosalyn.goodenoughCreated on: 03-04-17 16:55 private sector organisation owned and run by private individuals (eg BP, tesco) most aim to make a profit 1 of 15 unincorporated business there is no distinction in law between the business and the owner so it is the same 2 of 15 incorporated business the business and the owners have separate legal identity. 3 of 15 limited liability if the business fails then the owners can only loose the amount of money they have invested into the business 4 of 15 unlimited liability if your business fails then they can come and take your assets (house, car) to pay for the debts 5 of 15 sole trader business that is owned by one person that has unlimited liability. 6 of 15 partnership 2 or more owners (this is not in the exam) 7 of 15 private limited company limited liability and can only sell shares to their friends or family. 8 of 15 public limited company limited liability and can sell shares to anyone. 9 of 15 dividend a percentage of the business profits that is paid to its shareholders 10 of 15 market capitalization value of a company that is traded on the stock market, calculated by multiplying the total number of shares by the present share price. 11 of 15 shareholder someone that has invested money into the business 12 of 15 non-profit organisations a business that is not making money for themselves but for a charity or for someone 13 of 15 external environment what is outside the business and what the business cant control 14 of 15 mutual societies Profits are usually reinvested to help improve the service, rather than paid out to external shareholders as they would be in a public limited company 15 of 15
Comments
No comments have yet been made